The Story

286 Cypress Point Drive

Palm Beach Gardens, FL 33418 · Condo

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.


Facts & Features

Property Info

Price
$195,000
Completion Year
1,982
Living Space
502 sq ft
Floors
1
Bedrooms
1
Bathrooms
1

Features & Amenities

Pool

Yes

Cooling

Central Air

Heating

Central, Individual

Appliances

Cooktop, Dishwasher, Electric Cooktop, Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator

Flooring

Wood

Roof

Concrete, Tile

Lot Information

Many Trees

Exterior

Balcony, Outdoor Living Area

Water Source

Public

Sewer

Public Sewer

View

Water

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Listing Broker

Zarden Realty

Broker Name

Zarden Realty

Agent

Olivia Prosser

Location

Royal Palm Beach FL 33411