INVESTORS- income Producing property ...Rents are at all time highs - Condo prices are not. Take advantage of this disparity to buy at a great Cap RATE. Unit is rented. This condo is located in a senior ( 55 + ) gated community in Boca Raton. Great cash flow property with good upside rent. Currently $1200 per month rent. Reasonable pro-forma rents now are $1500 which would show a 6.32% Rate of Return. Condo occupants enjoy internet, Wi-Fi, Cable, and water included in the rent. The clubhouse has an 1100 seat theater, gym, indoor heated pool and many activities free to residents. There are outdoor pools nearby as well as tennis courts, pickle ball courts and free bus service within the property as well as to shopping
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Condo/Co-op
County
Palm Beach County
APN
00424708050145540
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Accessible
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Last updated by owner on Jun 9, 2023.
AR
Agricultural Residential District
The AR district is to protect and enhance the rural lifestyle and quality of life of residents in areas designated rural residential, to protect watersheds and water supplies, wilderness and scenic areas, conservation and wildlife areas, and to permit a variety of uses that require non-urban locations but do not operate to the detriment of adjoining lands devoted to rural and residential purposes.