411 Executive Center Dr 209, West Palm Beach, FL 33401 — MLS photo

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411 Executive Center Dr 209, West Palm Beach, FL 33401

Active · Condominium

$163,000

411 Executive Center Dr 209, West Palm Beach, FL 33401

Beds
1
Baths
1
Living area
700 sq ft
$ / sq ft
$233/sq ft
Year built
1971
Lot size
—
HOA fee
$352 Monthly
Annual tax
$1,992

About this property

Investor-ready 1BR/1BA on the 2nd floor with private balcony in a well-kept, amenity-rich community near downtown West Palm Beach. Tile floors throughout, bright living/dining area, galley kitchen with full-size appliances, spacious bedroom with walk-in closet, and tub/shower bath. Central A/C. Tenant in place at $1,490/mo on Housing (Section 8) – program pays 100% and tenant wishes to remain, delivering immediate income ($17,880/yr). Low HOA $352.48/mo. Community features pool, tennis, playgrounds, lush green spaces, walking paths, and multiple laundry rooms. Minutes to The Square/Clematis, Palm Beach Outlets, Tri-Rail/Brightline, I-95, PBI airport and beaches. Easy addition to any portfolio. Link do detailed video tour available upon request and in broker remarks.

Property location

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411 Executive Center Dr 209, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
700 sq ft
Flooring
Tile
Appliances
Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, First Floor Entry

Exterior & Structure

Property type
Condominium
Year built
1971
Stories
2
Architectural style
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony
Pool
Association
View
Garden

Parking

Garage spaces
0
Covered spaces
0
Parking features
Guest, Open, One Space

HOA, Community & Financials

Association fee
$352 Monthly
Fee inclusions
Amenities, Common Areas, Maintenance Grounds, Maintenance Structure, Parking, Roof, Sewer, Trash, Water
Amenities
Laundry, Barbecue, Picnic Area, Playground, Pool, Tennis Courts
Security
Other, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$1,992
Subdivision
CLEAR LAKE PALMS CONDO
County
Palm Beach
Days on market
356
MLS listing ID
A11876579
Listing status
Active

Investment intelligence

Yield & ROI calculator

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

Estimated monthly cash flow

$146

Cap rate
6.8%
Net yield
6.8%
Cash-on-cash return
3.9%
Gross yield
12.6%
Mortgage payment
$773/mo
Down payment
$40,750
Loan amount
$122,250
Annual NOI
$11,030

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