4187 N Haverhill Road 515, West Palm Beach, FL 33417 — MLS photo

Active · Condominium

$205,000

4187 N Haverhill Road 515, West Palm Beach, FL 33417

Beds: 2
Baths: 2
Living area: 1,026 sq ft
$ / sq ft: $200/sq ft
Year built: 2000
Lot size: —
HOA fee: $551 Monthly
Annual tax: $3,871

About this property

Discover this prime investment opportunity in Grand Isles—a condo with a reliable tenant already in place, plus two additional condos available for your portfolio! This beautifully designed 2-bedroom, 2-bathroom apartment features a covered terrace with city views and a private full-size washer and dryer. Community Amenities: Gated Entry Access, Resort-Style Pool, Fitness Center, Tennis and Volleyball Courts, and a BBQ Area. Prime Location: Minutes from Publix, Home Depot, and major highways, with easy access to shopping and entertainment. Sold Subject to Lease Rented @ $1,950. per month until 10/31/2027. Two additional condos are available to suit your investment needs! *** Please see other listing 1/1 @ 4151 # 1505 & 2/2 4197 # 212 can sell together as a package deal. Sold subject to existing lease. Leases are allowed for the first year of ownership! ownership. The minimum lease term is 365 days.

Property location

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4187 N Haverhill Road 515, West Palm Beach, FL 33417

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 1,026 sq ft
Flooring: Ceramic Tile
Appliances: Built In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling: Central Air, Ceiling Fans
Heating: Central
Interior features: Living Dining Room, Main Living Area Entry Level, Split Bedrooms, Tub Shower, Walk In Closets
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 2000
Stories: 1
Lot size: 0 sq ft
Architectural style: Garden Apartment, Mediterranean, One Story
Roof: Barrel, Concrete, Tile, Wood Trusses
Construction: CBSConcrete Block Structure, Block
Exterior features: Balcony, Fence, Lighting
Pool: None, Association, Community
Waterfront: Lake Privileges
View: Garden, Lake, Water

Parking

Covered spaces: 0
Parking features: Guest, Open, On Street, Two Or More Spaces

HOA, Community & Financials

Association fee: $551 Monthly
Fee inclusions: Association Management, Common Area Maintenance, Insurance, Legal Accounting, Parking, Pools, Recreation Facilities, Reserve Fund, Roof, Security
Amenities: Bike Storage, Clubhouse, Controlled Access, Fitness Center, Management, Maintenance, Barbecue, Picnic Area, Pool, Tennis Courts
Security: Complex Fenced, Fenced, Intercom, Motion Detectors, Phone Entry, Security Lights, Security Gate, Smoke Detectors
Pets allowed: No
Annual tax: $3,871
Subdivision: GRAND ISLES CONDO
County: Palm Beach
Days on market: 565
MLS listing ID: R11077783
Listing status: Active

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Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

Property taxes ($/yr)

Home insurance ($/yr)

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Estimated monthly cash flow

$205

Cap rate: 6.9%
Net yield: 6.9%
Cash-on-cash return: 4.3%
Gross yield: 14.1%
Mortgage payment: $972/mo
Down payment: $51,250
Loan amount: $153,750
Annual NOI: $14,121

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