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Vinesha Clark

vcsellsflorida@gmail.com +1(772) 777-9913

$ 1,520,000

Est. payment | -/mo

7,607 SqFt

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$ 1,520,000

Est. payment | -/mo

Save

7,607 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,607 sqft

Price per Sqft $199

Subdivision Palm Beach County 55+ Assemblage

MLS Listing ID B26092035

HOA Fees $50,968/ann

HOA Y/N Yes

Total Fin. Sqft 7607

Year Built 1968

Annual Tax Amount $20,601

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

6.9% Cap Rate, $105,072 NOI. Acquire a self-managed, fully leased 10-property investment portfolio by purchasing a single LLC's membership interests. Units are renovated (2) 2bed/2bath,(2) 2bed/1bath, (1)1bed/2bath & (5) 1bed/1bath 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 $29,440 transfer. This structure consolidates 10 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. Unit addresses: 401 Pine Glenn Lane B1, Greenacres, FL 33463 5800 Whispering Pine Way D2, Greenacres, FL 33463 5961 Whispering Pine Way A1, Greenacres,FL 33463 2779 Emory Drive E, Unit E, West Palm Beach, FL 33415 2907 W Ashley Drive A, West Palm Beach, FL 33415 5960 Whispering Pine Way C-2, Greenacres, FL 33463 2837 Ashley Drive W D, West Palm Beach, FL 33415 214 Lake Frances Drive, West Palm Beach, FL 33411 414 Pine Glen Lane C-2, Greenacres, FL 33463 327 Knotty Pine Circle A-1, Greenacres, FL 33463 A membership-interest transfer may have different property tax implications than a deed transfer*

Location

State FL

County Palm Beach

Area 5720

Zoning RM

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air

Flooring Engineered Hardwood, Tile

Fireplace No

Exterior

Exterior Feature Storage

Pool Association

Utilities Available None

Amenities Available Pool

Water Access Desc Multiple Meters,Public

Roof Type Shingle

Accessibility None

Total Parking Spaces 10

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Multiple Meters, Public

Structure Type Block

Others

HOA Fee Include Insurance

Senior Community Yes

Restrictions OK To Lease,See Remarks

Tax ID 00424413210050010

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Pets Allowed No

Listed by Elizabeth A Lewis Real - ativity

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(772) 777-9913

vcsellsflorida@gmail.com

2907 ASHLEY DR W #A West Palm Beach, FL 33415

Vinesha Clark

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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2907 ASHLEY DR W #A