286 Cypress Point Drive, Palm Beach Gardens, FL 33418

Description of 286 Cypress Point Drive, Palm Beach Gardens, FL 33418

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.

Property Details for 286 Cypress Point Drive, Palm Beach Gardens, FL 33418

Bathrooms Full

1

Bathrooms Half

0

Interior Features

No Interior Features

Appliances

Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Wall Oven

Flooring

Wood

Heating

Central Individual A/C

Cooling

Central Individual A/C

Furnished

Unfurnished

Architectural Style

One Story

Parking Features

Assigned, Guest, No Boats, No Rv/Boats

Pool Features

Community

Pool Private

Yes

Year Built Details

Resale

Direction Faces

Southeast

Building Information for 286 Cypress Point Drive, Palm Beach Gardens, FL 33418

Building Area Total

502

Building Area Units

Square Feet

Stories

2

Stories Total

2

Entry Level

2

Association

Yes

Association Fee

$969

Association Fee Frequency

Quarterly

Association Amenities

Bike/Jog Path, Gated, Laundry, Community Pool, Golf Course, Golf Course Com, Guard At Gate, Laundry Facility, Maintained Community, Other Membership Available, Pool, Private Pool, Security Patrol, Vehicle Wash Area

Pets Allowed

Yes

Security Features

Gated with Guard

Property Information for 286 Cypress Point Drive, Palm Beach Gardens, FL 33418

Lot Features

Treed Lot, Sidewalk

Lot Size Square Feet

0

Waterfront

Yes

Waterfront Features

Pond

View

Water, Pond View, Pond

Construction Materials

CBS Construction, Slab Construction, Stucco

Roof

Tile, Concrete, Tile Roof

Exterior Features

Exterior Cat Walk, Balcony, Open Balcony

Sewer

Public Sewer, Public Sanitation, Sewer

Water Source

Public

New Construction

No

Public Records for 286 Cypress Point Drive, Palm Beach Gardens, FL 33418

Parcel Number

52424215030002860

Tax Annual Amount

$2,930

Tax Year

2,025

Tax Legal Description

CYPRESS POINT UNIT 286

Zoning

PCD (city)

County Or Parish

Palm Beach County

Schools Near 286 Cypress Point Drive, Palm Beach Gardens, FL 33418

Elementary School

Timber Trace

Middle School

Watson B. Duncan

High School

Palm Beach Gardens

School assignments are provided by the listing and should be independently verified.

Location