Condominium for sale in CYPRESS POINT CONDO,Cypress Point Condo
Details
Description
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 7.76% 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 a third listing coming soon creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.5%. Units may be purchased individually or as a portfolio.
Features
Property Features
- Cooling: Central Individual A/C
- Heating: Central Individual A/C
- Flooring: Wood
- Appliances: Dishwasher,Disposal,Ice Maker,Microwave,Refrigerator,Self Cleaning Oven,Wall Oven
- Architectural Style: One Story
- Stories: 2
- Roof: Tile,Concrete,Tile Roof
- Exterior Features: Open Balcony
- utilities: Cable Connected,Electricity Connected,Phone Connected,Cable Available,Electricity Available,Phone Available
Additional Features
- Amenities: Bike/Jog Path,Gated,Laundry,Community Pool,Golf Course,Golf Course Com,Guard At Gate,Laundry Facility,Maintained Community,Other Membership Available,Pool,Private Pool,Security Patrol,Vehicle Wash Area
- Exterior Features: Exterior Cat Walk,Balcony,Open Balcony
- Furnished: Unfurnished
- View: Water,Pond View,Pond
- Parking: Assigned,Guest,No Boats,No Rv/Boats
- Pets: Yes
- Lot: Treed Lot,Sidewalk
- Interior Features: No Interior Features
- Private Pool: 1
- Pool Features: Community
Fees, Maintenance & Taxes
- Tax Annual Amount: $0
- Association Fee: $0
- Association Fee Frequency: Quarterly
School Information
- County: Palm Beach County
- Elementary School: Timber Trace
- Middle School: Watson B. Duncan
- High School: Palm Beach Gardens