Fairview Villas Palm Springs Florida
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Fairview Villas Palm Springs Florida
4 Properties Offered at $745,000 in West Palm Beach, FL
Investment Highlights
- Good Cap Rate
- Growth Potential
- Low Vacancy
Executive Summary
4 Units for sale in same Community. Not connected. 3 Units are month to month well under market value. HOA includes Cable; Common Areas; Insurance-Bldg; Maintenance-Exterior; Management Fees; Pool Service; Roof Maintenance; Water. Rents At Mkt Value are currently fetching $2000.00 month approx. Give or take depending on condition. Far Bar as-is Contracts only. No credit score minimum, Pet restriction Size limit. No truck trailers or Boats, Pick ups ok, 1/2 ton ok. Buyer can apply with HOA online https://buyerapplications.com/ Or the paper application is in the document section of this this MLS listing. Potential for an 8 cap plus.
Taxes & Operating Expenses (Pro forma - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$71,400
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$71,400
|
| Taxes |
$10,176
|
| Operating Expenses |
$21,792
|
| Total Expenses |
$31,968
|
| Net Operating Income |
$39,432
|
Taxes & Operating Expenses (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $71,400 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $71,400 |
| Taxes | |
|---|---|
| Annual | $10,176 |
| Operating Expenses | |
|---|---|
| Annual | $21,792 |
| Total Expenses | |
|---|---|
| Annual | $31,968 |
| Net Operating Income | |
|---|---|
| Annual | $39,432 |
Property Facts
| Price | $745,000 | Status | Active |
| Price / SF | $282.20 / SF | Number of Properties | 4 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5.29% | Total Building Size | 2,640 SF |
| Sale Type | Investment | Total Land Area | 1.12 AC |
| Price | $745,000 |
| Price / SF | $282.20 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 5.29% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 2,640 SF |
| Total Land Area | 1.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1870 Fairview Villas Dr, West Palm Beach, FL 33406 | Multifamily | 880 SF | 1977 | - |
| 1821 Fairview Villas Dr, West Palm Beach, FL 33406 | Multifamily | 880 SF | 1977 | - |
| 1856 Fairview Villas Dr, West Palm Beach, FL 33406 | Multifamily | 880 SF | 1977 | - |
| 1831 Fairview Villas Dr, West Palm Beach, FL 33406 | Land | 0.12 AC | - | - |
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Fairview Villas Palm Springs Florida
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