Modern Living Group
 Unit A
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$1,520,000ACTIVE

Unit A · 2907 ASHLEY Drive W A, West Palm Beach, FL 33415

—beds0baths7,607sq ft$200/ sq ft
THE RESIDENCE

About this home

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*

THE DETAILS

Property details

List Price$1,520,000
Price / Unit$760,000
Units2
Inside Sq Ft7,607
Year Built1968
ConstructionBlock
ZoningRM
Property TypeQuadruplex
MLS #B26092035
StatusActive
Original List Price$1,520,000
Tenant PaysElectricity, Water
Stories2
WaterfrontNo
Days on Market0
Annual Taxes$20,601
FlooringEngineered Hardwood, Tile
CityWest Palm Beach
Show all details (1 more)
Zip Code33415
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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