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561-201-4717
Real Estate Company
2907 ASHLEY Drive W Unit A, West Palm Beach, FL 33415
- $1,520,000
- 7,607
- SqFt
- List Price
- $1,520,000
- Days on Market
- 1
- MLS#
- B26092035
- Sq. Ft
- 7,607
- Subtype
- Quadruplex
- County
- Palm Beach
- Subdivision
- Palm Beach County 55+ Assemblage
- Year Built
- 1968
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*
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Additional Information
- Hoa
- Yes
- Hoa Amount
- 50968
- Pets Allowed
- No
- Construction
- Block
- Cooling
- Central Air
- Flooring
- Engineered Hardwood, Tile
- Heating
- Central
- Restrict
- OK To Lease, See Remarks
- Roof
- Shingle
- Taxes
- $20,601
- Utilities
- None
- Amenities
- Pool
- Stories
- 2
- Price Per Sqft
- $199
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Listing courtesy of Real - ativity. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Elizabeth A Lewis | Email: elizabeth@real-ativity.com