$550,000

New listing

2737 EMORY Drive W #D, West Palm Beach FL 33415

3,296 sq ftBuilt 1981MLS# B26092561

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About this property

7.7% Cap Rate, $42,765 NOI. Acquire a self-managed, fully leased 4-property investment portfolio by purchasing a single LLC's membership interests. Units are renovated (1) 2bed/1.5bath,(1) 2bed/1bath, (2)1bed/1.5bath units all located in well maintained Palm Beach County 55+ communities with well-established pet-free tenants. The communities are villas or 2-story condos with no upcoming assessments; the master insurance policies are covered in dues. LMR & security deposits of $12,150 transfer. This structure consolidates 4 individual property closings into one transaction without transferring the individual deeds or paying closing costs on individual sales. The portfolio offers established leasing rights with no seasoning period. See supplement for addresses. Cash Only All units are located close together and have screened porches, additional storage, and either in-unit laundry or a free-standing laundry room within 50ft. 15 Valencia A, Delray Beach, FL 33446 3561 Long Pine Ct, Unit A2, Greenacres, FL 33463 5831 Whispering Pine Way, Unit A1, Greenacres, FL 33463 2737 Emory Dr E, Unit D, West Palm Beach, FL 33415 A membership-interest transfer may have different property tax implications than a deed transfer*

Features

  • Pool

Property details

Property type
Multi-family
Year built
1981
Living area
3,296 sq ft
Price per sq ft
$167
HOA fee
$21,989/mo
Property taxes
$8,146/yr
Building / community
Cresthaven / Pine Ridge /
Status
New listing
MLS #
B26092561

Listing courtesy of Real - ativity.

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