About This Property
Residential in Palm Beach Gardens
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 7.93% 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 B26084588 creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.72%. Units may be purchased individually or as a portfolio! All information provided by the broker and its representatives, including but not limited to pricing, square footage, calculations, and statistics, is deemed reliable but not guaranteed and is subject to errors, omissions, or changes without notice. Buyers and their representatives must independently verify all details.
Features & Amenities
Property Highlights
Roof
- Concrete
- Tile
View
- Water
- Pond
Sewer
- Public Sewer
Cooling
- Central Individual
Heating
- Central Individual
Electric
- Three Phase
Flooring
- Wood
Amenities
- Baseball/Softball Field
- Car Wash Area
- Golf Course
- Jogging Path
- Laundry
- Maintained Community
- Park
- Pickleball Court(s)
- Picnic Area
- Playground
- Pool
- Sidewalks
- Soccer Field
- Spa/Hot Tub
- Tennis Court(s)
- Trail(s)
Utilities
- Cable Connected
- Electricity Connected
- Phone Connected
- Sewer Connected
- Water Connected
Appliances
- Dishwasher
- Disposal
- Electric Cooktop
- Freezer
- Ice Maker
- Microwave
- Oven
- Refrigerator
- Cooktop
Membership
- Other Membership Available
- Social Membership Available
- Tennis Membership Available
Possession
- Subject To Tenant Rights
- Other
Room Types
- Kitchen
- Living Room
- Master Bedroom
Water View
- Pond
Dining Area
- Eat-In Kitchen
- Snack BarCounter
LotFeatures
- Many Trees
- Sidewalks
WaterSource
- Public
Lot Features
- Many Trees
- Sidewalks
Pets Allowed
- Cats OK
- Dogs OK
- Number Limit
- Size Limit
Restrictions
- Lease Restrictions
- Parking - No Boat
- Parking - No Commercial Vehicles
- Parking - No RV
- Parking - No Trailer
Water Source
- Public
Listing Terms
- Cash
- Conventional
Structure Type
- Multi Family
Balcony Details
- Balcony - Covered
- Balcony - Open
OtherStructures
- Gazebo
- Other
ParkingFeatures
- Assigned
- Guest
Pets Allowed YN
- Yes
Tax Information
- CityCounty
- No Homestead
- Tax Reflects No Exemptions
Association Type
- Condominium
ExteriorFeatures
- Balcony
InteriorFeatures
- None
Laundry Features
- Common Area
- Inside
- Outside
- Washer Hookup
- Other
Other Structures
- Gazebo
- Other
Parking Features
- Assigned
- Guest
SecurityFeatures
- Gated with Guard
Unit Description
- Exterior Catwalk
Interior Features
- None
Security Features
- Gated with Guard
ArchitecturalStyle
- Key West
Master BedroomBath
- Combo TubShower
Property Condition
- Resale
WaterfrontFeatures
- Pond
Architectural Style
- Key West
Waterfront Features
- Pond
AssociationAmenities
- Security
- Recreation Facility
- Gated
- Pool
- Baseball/Softball Field
- Car Wash Area
- Golf Course
- Jogging Path
- Laundry
- Maintained Community
- Park
- Pickleball Court(s)
- Picnic Area
- Playground
- Sidewalks
- Soccer Field
- Spa/Hot Tub
- Tennis Court(s)
- Trail(s)
Showing Requirements
- Call Listing Agent
- Occupied
- Text Listing Agent
Association Amenities
- Gated
- Recreation Facility
- Security
Outdoor Living Spaces
- Balcony
Construction Materials
- CBS
- Frame
Application Information
- 3-4 Weeks Approval
- Association Approval Required
Association Fee Includes
- Common Areas
- Insurance
- Maintenance Grounds
- Pool Service
- Sewer
- Trash
- Water
SpecialListingConditions
- Standard
Leasing Permitted Details
- Okay To Lease
- Okay To Lease During First Year
- Short Term Rentals Allowed
Special Listing Conditions
- Standard
Leasing
- Minimum lease: 30 days
- Leases per year: 12
- Okay to lease: Yes
Specifications
Property Details
Location