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*
| MLS # | B26092564 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 10 |
| Listing Provided By | Real - ativity | Elizabeth A Lewis |
| SQ Feet | 3,296 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | RM |
| Parking Features | Assigned |
|---|
| Tax Annual Amount | 8146 |
|---|
| State | FL |
|---|---|
| County | Palm Beach |
| City | Delray Beach |
| Area | 4640 |
| Subarea | PB09 |
| Listing VS Median (in ) | |
Price: $550,000 low | high Med: $240,000 sqft: 3,296 low | high Med: 1,672 $ / sqft: $167 low | high Med: $144 On site: 10 low | high Med: 60 | |
| State | FL |
|---|---|
| County | Palm Beach |
| City | Delray Beach |
| Area | 4640 |
| Subarea | PB09 |
| Listing VS Median (in ) | |
Price: $550,000 low | high Med: $240,000 sqft: 3,296 low | high Med: 1,672 $ / sqft: $167 low | high Med: $144 On site: 10 low | high Med: 60 | |