286 Cypress Point Drive, Palm Beach Gardens, FL 33418
- $200,000
- 1
- BD
- 1
- BA
- 502
- SqFt
- List Price
- $200,000
- Days on Market
- 23
- MLS#
- B26068272
- Year Built
- 1982
- Bedrooms
- 1
- Bathrooms
- 1
- Living Area
- 502
Property Description
Fully updated and renovated 1 bedroom, 1 bath condo in Cypress Point at PGA National. The unit is currently leased on an annual basis at $2,100 per month, providing immediate rental income, with the tenant responsible for electricity and Wi-Fi. The property also features a brand new water heater. Offered at an attractive 7.76% cap rate, this is a turnkey opportunity for investors seeking strong in place income. This property is also being offered alongside two additional fully renovated units MLS #B26068273 and a third listing coming soon creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.5%. Units may be purchased individually or as a portfolio.
Additional Information
- Taxes
- $2,930
- Hoa Fee
- $969
- Community Features
- Cypress Point Condo
- Property Description
- Condo
- Zoning
- PCD (city)
- Interior Features
- No Interior Features
- Appliances
- Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Wall Oven
- Utilities
- Cable Connected, Electricity Connected, Phone Connected, Cable Available, Electricity Available, Phone Available
- Heating
- Central Individual A/C
- Air Conditioning
- Central Individual A/C
- Exterior Construction
- CBS Construction, Slab Construction, Stucco
- Roof
- Tile, Concrete, Tile Roof
- Pool Type
- Community
- Elementary School
- Timber Trace
- Middle School
- Watson B. Duncan
- High School
- Palm Beach Gardens
Listing Courtesy Of Zarden Realty, Contact: