Modern Living Group
 Unit D
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$550,000ACTIVE

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

—beds0baths3,296sq ft$167/ sq ft
THE RESIDENCE

About this home

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*

THE DETAILS

Property details

List Price$550,000
Price / Unit$137,500
Units4
Cap Rate7.78%
Gross Income$72,900/yr
Net Operating Income$42,765
Inside Sq Ft3,296
Year Built1981
ConstructionCBSConcreteBlockStructure,Block
ZoningRM
Property TypeQuadruplex
MLS #B26092561
StatusActive
Original List Price$550,000
GRM7.5
Tenant PaysElectricity, Sewer
Stories1
WaterfrontNo
Show all details (5 more)
Days on Market0
Annual Taxes$8,146
FlooringEngineered Hardwood, Tile
CityWest Palm Beach
Zip Code33415
LOCATION

Where you'll live

Tyler Melik
FEATURED AGENT
Tyler Melik
Real Estate Specialist

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