414 PINE GLEN #C-2, Greenacres, FL
414 PINE GLEN #C-2, Greenacres, FL
414 PINE GLEN #C-2, Greenacres, FL
414 PINE GLEN #C-2, Greenacres, FL
414 PINE GLEN #C-2, Greenacres, FL
414 PINE GLEN #C-2, Greenacres, FL
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Angela Duncan

Angela Duncan

+1(813) 538-9890
$ 1,520,000
Est. payment | /mo

7,607 SqFt

Save Virtual Tour
$ 1,520,000
Est. payment | /mo
Save Virtual Tour

7,607 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,607 sqft

Price per Sqft $199

MLS Listing ID B26092544

HOA Y/N No

Year Built 1981

Annual Tax Amount $20,601

Tax Year 2025

Property Sub-Type Multi Family

Property Description

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*

Location

State FL

County Palm Beach

Area 5730

Zoning RM

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air

Fireplace No

Exterior

Utilities Available None

Water Access Desc Multiple Meters,Public

Roof Type Other

Accessibility None

Total Parking Spaces 10

Building

Story 1

Sewer Public Sewer

Water Multiple Meters, Public

Structure Type CBS (Concrete Block Structure),Block

Others

Tax ID 18424427164140032

Security Features Other

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/414-Pine-Glen-C2-Greenacres-FL/unbranded

BeachesMLS, Inc. (FLR) IDX
Listed by Elizabeth A Lewis Real - ativity

Schools and Properties Nearby

Angela Duncan

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(813) 538-9890

angelacduncan@gmail.com

1400 S International Pkwy #1020, Lake Mary, FL 32746, USA

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414 PINE GLEN #C-2