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

$550,000
3,296
SqFt

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List Price
$550,000
MLS#
B26092561
Sq. Ft
3,296
Subtype
Quadruplex
County
Palm Beach
Subdivision
Cresthaven / Pine Ridge / Kings Point
Region
5720
Year Built
1981

Property Description

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*

Additional Information

Hoa Fee
$21,989
Hoa Freq
Annually
Heating
Central
Cooling
Central Air
Roof
Composition
Sewer
Public Sewer
Water
Multiple Meters, Public
Exterior Features
Storage
Parking Spaces
4
Flooring
Engineered Hardwood, Tile
Construction
CBS (Concrete Block Structure), Block
Living Area
3,296
Elementary School
Forest Hill
Middle School
Okeeheelee
High School
Dr. Joaquin Garcia
Pets Allowed
No

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