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151 Cypress Point Drive, Palm Beach Gardens, FL 33418

$195,000
: 1
BD
: 1
BA
: 502
SqFt

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List Price: $195,000
MLS#: B26084588
Status: ACTIVE
Type: Condo
Bedrooms: 1
Full baths: 1
Living Area: 502

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Property Description

Fully furnished and updated 1 bedroom, 1 bath condo in Cypress Point at PGA National! The unit is currently leased on an annual basis at $2,100/month, providing immediate rental income! Offered at an attractive 7.30% 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 B26068272 and B26068273 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.

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Additional Information

Days on Market: 0
Interior Features: Other
Tax Amount: $3,979
Maintenance Fee: 1036
Waterfront Description: Pond
Parcel Number: 52424215030001510
Front Exposure: East
Exterior Features: Balcony
Association Fee: $969
Unit View: Water, Pond View, Pond
Parking Restrictions: Assigned, Guest, No Boats, No Rv/Boats
Pet Restrictions: Yes
Pets Allowed: Yes
Elementary School: Timber Trace
SqFt Liv Area: 502
Amenities: Basketball Court, Bike/Jog Path, Barbecue, Gated, Laundry, Community Pool, Golf Equity Available, Golf Course, Golf Course Com, Guard At Gate, Laundry Facility, Maintained Community, Other Membership Available, Pool, Private Pool, Security Patrol, Tennis Court(s), Vehicle Wash Area
Year Built: 1982
Style: Condo
Restrictions: Assoc Approval Required, Ok To Lease With Res, No Daily Rentals, No Trucks/Rv'S
Development Name: Cypress Point Condo, Pga National
Middle School: Watson B. Duncan
Senior High School: Palm Beach Gardens
Construction Type: CBS Construction, Frame, Frame With Stucco