286 Cypress Point Drive, Palm Beach Gardens, FL 33418

Listing Snapshot

About This Home

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.

General Features

Property Type

Residential

Sub-type

Condominium

Style

Florida

Stories

2

Direction Faces

Southeast

Parking Spaces

1

Parking

Assigned,Guest

Foundation

Slab

Zoning

PCD (city)

Security

GatedWithGuard,GatedCommunity

Utilities

CableAvailable,ElectricityAvailable,PhoneAvailable

Subdivision

CYPRESS POINT CONDO

Interior Features

Appliances

Cooktop,Dishwasher,ElectricCooktop,Freezer,Disposal,IceMaker,Microwave,Oven,Refrigerator

Flooring

Wood

Heating

Central,Individual

Cooling

CentralAir

Interior Features

BreakfastBar,EatInKitchen,None

Laundry

CommonArea,WasherHookup,Other,WasherDryerInstallAllowed

Furnished

Unfurnished

Exterior Features

Construction

Block,Stucco

Exterior Features

Balcony,OutdoorLivingArea

Roof

Concrete,Tile

Lot Features

ManyTrees

Patio / Porch

Covered,Open,Balcony

Pool

Yes

Pool Features

Fenced,InGround,Association

View

Pond,Water

Waterfront

Yes

Waterfront Features

Pond

Community Features

Community Features

Gated,Sidewalks

Association Amenities

CarWashArea,GolfCourse,Gated,Laundry,Maintenance,Playground,Park,Pool,Security,Sidewalks,Trails

Association Dues

$969.63 / quarterly

MLS Area

5360

Schools

Map

Virtual Tour