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Florida

286 Cypress Point Drive

Palm Beach Gardens, FL 33418

MLS#: B26068272

$195,000

Status: Active
Listing number: B26068272
Listing provided by: Zarden Realty
Listing agent phone: None
Last update: 13 days ago
On site: a month ago
Browse Properties
CYPRESS POINT CONDO - Residential

Property

Beds

1

Full Baths

1

1/2 Baths

None

Year Built

1982

Sq.Footage

502

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 7.93% 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 B26084588 creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.72%. Units may be purchased individually or as a portfolio! All information provided by the broker and its representatives, including but not limited to pricing, square footage, calculations, and statistics, is deemed reliable but not guaranteed and is subject to errors, omissions, or changes without notice. Buyers and their representatives must independently verify all details.

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar, Eat-in Kitchen

  • Total Bedrooms

    1

  • Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Main Level Bedrooms

    1

  • Pet friendly

    Cats OK, Dogs OK, Number Limit, Size Limit, Yes

Exterior

  • Garage

    No

  • Construction Materials

    Block, Frame

  • Other Exterior Features

    Balcony

  • Parking

    Assigned, Guest

  • Patio and Porch Features

    Covered

  • Pool

    Yes

  • Pool Features

    Association

  • Waterfront YN

    YES

  • View

    Pond, Water

Area & Lot

  • Lot Features

    Many Trees, Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    Florida

Price

  • Sales Price

    $195,000

  • Tax Amount

    $2,930

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    502

  • Price/SqFt

    $388

HOA

  • Association

    YES

  • Association Fee 2

    $1,036

  • Association Fee

    $969.63

  • Association Fee Frequency

    Quarterly

  • Association Fee 2 Frequency

    Annually

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Timber Trace

  • Middle School

    Watson B. Duncan

  • High School

    Palm Beach Gardens

Property Features

  • Stories

    2

  • Association Amenities

    Pool, Car Wash Area, Golf Course, Gated, Laundry, Maintenance, Picnic Area, Playground, Park, Spa/Hot Tub, Security, Tennis Court(s), Trail(s)

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Palm Beach

Elementary School

Timber Trace

Middle School

Watson B. Duncan

High School

Palm Beach Gardens

Listing Courtesy of Olivia Prosser, Zarden Realty

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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 7.93% 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 B26084588 creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.72%. Units may be purchased individually or as a portfolio! All information provided by the broker and its representatives, including but not limited to pricing, square footage, calculations, and statistics, is deemed reliable but not guaranteed and is subject to errors, omissions, or changes without notice. Buyers and their representatives must independently verify all details.

286 Cypress Point Drive

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