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💡Investor Alert: Selling a Lot of 5 Revenue Producing 🏠 Apartments in Same Community – West Palm Beach

Call/Text for Alex Babenchuk (561) 206-4003 for more info.

Location: 600 Executive Center Drive, West Palm Beach, FL
Price: $1,350,000 (for all 5 units)

Square Footage: 800 sq. feet
Type: Condo
Parking: Assigned
Year Build: 1992
Bedrooms: 2
Bathrooms: 2

Summary:

A local investor is selling 5 units in Lake Place Condo gated community in West Palm Beach. All units are identical: 2 BR, 2 BTH. Each unit has its own private patio. One assigned parking with dozens of available guest parking. HOA includes water, basic cable and internet.

Properties are currently rented for $1,850, however an identical unit next door is renting for $2,200.

Pictures and additional information available upon request.

Property Details:

Unit 1Unit 2Unit 3Unit 4Unit 5
RehabRecently renovated.Recently renovated.Recently renovated.Recently renovated.Recently renovated.
ElectricalGood condition, may need updating.Good condition, may need updating.Good condition, may need updating.Good condition, may need updating.Good condition, may need updating.
Plumbing     
HVACLess than 2 years old.Less than 2 years old.Less than 2 years old.Less than 2 years old.Less than 2 years old.
RoofRecently replaced by HOA.Recently replaced by HOA.Recently replaced by HOA.Recently replaced by HOA.Recently replaced by HOA.
OccupancyOccupiedOccupiedOccupiedOccupiedOccupied
Current Rental Income$1,850$1,850$1,850$1,850$1,850
HOA Dues$650/mo$650/mo$650/mo$650/mo$650/mo
2023 Tax$2,999$2,999$2,999$2,999$2,999

Showing Instructions:

By appointment only. Units are occupied by tenants. Do not disturb tenants.

Location:

Layout:


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