651 Okeechobee Blvd 202, West Palm Beach, FL 33401 — MLS photo

Active · Condominium

$425,000

651 Okeechobee Blvd 202, West Palm Beach, FL 33401

Beds: 2
Baths: 1
Living area: 990 sq ft
$ / sq ft: $429/sq ft
Year built: 2001
Lot size: —
HOA fee: $1,072 Monthly
Annual tax: $4,983

About this property

Craving ELEGANCE, PRIVACY, and effortless access to the CITY’S FINEST? This FULLY FURNISHED unit is your gateway to the booming heart of DOWNTOWN WEST PALM BEACH, where NEW OFFICE TOWERS, LUXURY RESIDENTIAL DEVELOPMENTS, and the vibrant energy of CITYPLACE are transforming the scene. Enjoy RESORT-STYLE AMENITIES in a BOUTIQUE BUILDING with IMPACT WINDOWS, IN-UNIT WASHER/DRYER, and ADDED UPGRADES like a NEWER AC, WATER TANK, and DISPOSAL. ADDED FEATURE: there's a TENANT IN PLACE, so INVESTORS can skip the search, and FUTURE BUYERS can plan ahead with ease. GARAGE PARKING included. This is the PERFECT BLEND of URBAN CONVENIENCE and VIBRANT LIFESTYLE. TOP LOCATION. Rented Through September 2026 — Immediate Income Opportunity for the New Owner!

Property location

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651 Okeechobee Blvd 202, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Living area: 990 sq ft
Flooring: Hardwood, Tile, Wood
Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling: Central Air
Heating: Central
Interior features: Bedroom On Main Level, Living Dining Room, Main Living Area Entry Level, Stacked Bedrooms, Tub Shower, Walk In Closets
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 2001
Stories: 11
Construction: Other
Exterior features: Courtyard
Pool: Association
View: Other

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Assigned, Attached, Garage, One Space, Valet

HOA, Community & Financials

Association fee: $1,072 Monthly
Fee inclusions: Association Management, Amenities, Common Areas, Maintenance Grounds, Recreation Facilities, Sewer, Trash, Water
Amenities: Fitness Center, Pool, Elevators
Security: Door Man, Key Card Entry
Pets allowed: Conditional, Yes
Annual tax: $4,983
Subdivision: TOWER CONDO AT CITYPLACE
County: Palm Beach
Days on market: 702
MLS listing ID: A11683734
Listing status: Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

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Interest rate (%)

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Monthly rent ($)

Monthly HOA ($)

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Estimated monthly cash flow

-$1,094

Cap rate: 2.6%
Net yield: 2.6%
Cash-on-cash return: -11.0%
Gross yield: 8.3%
Mortgage payment: $2,015/mo
Down payment: $106,250
Loan amount: $318,750
Annual NOI: $11,049

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.