About 286 Cypress Point Drive
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.
Features of 286 Cypress Point Drive
| MLS® # | B26068272 |
|---|---|
| USD | $200,000 |
| CAD | $276,024 |
| CNY | 元1,342,580 |
| EUR | €172,041 |
| GBP | £147,790 |
| RUB | ₽17,335,000 |
| HOA Fees | 969.63 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 502 |
| Year Built | 1982 |
| Type | Residential |
| Sub-Type | Condominium |
| Restrictions | Buyer Approval Required, Parking - No Boat, Parking - No RV, Parking - No Trailer |
| Style | Key West |
| Unit Floor | 2 |
| Status | New |
| HOPA | No Hopa |
Community Information
| Address | 286 Cypress Point Drive |
|---|---|
| Area | 5360 |
| Subdivision | CYPRESS POINT CONDO |
| Development | Cypress Point Condo |
| City | Palm Beach Gardens |
| County | Palm Beach |
| State | FL |
| Zip Code | 33418 |
Amenities
| Amenities | Car Wash Area, Golf Course, Jogging Path, Laundry, Park, Playground, Pool, Trail(s), Maintained Community, Sidewalks, Gated, Security |
|---|---|
| Utilities | Cable Available, Electricity Available, Phone Available |
| Parking | Assigned, Guest |
| View | Water, Pond |
| Is Waterfront | Yes |
| Waterfront | Pond |
| Has Pool | No |
| Pets Allowed | Yes, Cats OK, Dogs OK, Number Limit, Size Limit |
Interior
| Interior Features | None |
|---|---|
| Appliances | Cooktop, Disposal, Dishwasher, Ice Maker, Microwave, Oven, Refrigerator, Electric Cooktop, Freezer |
| Heating | Central Individual |
| Cooling | Central Individual |
| Fireplace | No |
| # of Stories | 2 |
| Stories | One |
Exterior
| Exterior Features | Balcony |
|---|---|
| Lot Description | Many Trees, Sidewalks |
| Roof | Concrete, Tile |
| Construction | Stucco, CBS |
School Information
| Elementary | Timber Trace |
|---|---|
| Middle | Watson B. Duncan |
| High | Palm Beach Gardens |