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. All information provided by the broker and its representatives, including but not limited to pricing, square footage, calculations, and statistics, is deemed reliable but not guaranteed and is subject to errors, omissions, or changes without notice. Buyers and their representatives must independently verify all details.
Features of 286 Cypress Point Drive
| MLS® # | B26068272 |
|---|---|
| USD | $195,000 |
| CAD | $275,837 |
| CNY | 元1,309,074 |
| EUR | €171,188 |
| GBP | £147,164 |
| RUB | ₽16,447,529 |
| 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 | Price Change |
| 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 |