157 Heritage Way, West Palm Beach, FL 33407 — MLS photo

Active · Condominium

$242,000

157 Heritage Way, West Palm Beach, FL 33407

Beds: 2
Baths: 3
Living area: 1,236 sq ft
$ / sq ft: $196/sq ft
Year built: 1984
Lot size: —
HOA fee: $640 Monthly
Annual tax: $4,812

About this property

Enjoy tranquil lake views from this charming 2-bed, 2.5-bath townhouse featuring two stories of comfortable living space and a spacious private backyard. Bright and airy layout with separate living and dining areas. Bedrooms upstairs include a cozy balcony overlooking the lake. Upgrades: new washer, water heater, and A/C (all 2024). Located minutes from I-95, shops, and entertainment. Community amenities include pool, playground, and tennis courts. HOA covers cable and internet. Two assigned parking spaces. Recently upgraded fencing adds privacy. Excellent home or investment.

Property location

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157 Heritage Way, West Palm Beach, FL 33407

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 3
Living area: 1,236 sq ft
Flooring: Ceramic Tile
Appliances: Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
Cooling: Central Air, Electric
Heating: Central, Electric
Interior features: Bedroom On Main Level, Closet Cabinetry, Eat In Kitchen, First Floor Entry, Kitchen Island, Walk In Closets
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1984
Stories: 2
Architectural style: Split Level
Construction: Block
Exterior features: Courtyard
Pool: Association, Heated
Waterfront: Lake Front
View: Lake, Water

Parking

Garage spaces: 0
Covered spaces: 2
Parking features: Two Or More Spaces

HOA, Community & Financials

Association fee: $640 Monthly
Fee inclusions: Amenities, Cable Tv, Insurance, Internet, Maintenance Grounds, Parking, Roof, Sewer, Trash, Water
Amenities: Playground, Pool
Security: Security Guard, Smoke Detectors
Pets allowed: Size Limit, Yes
Annual tax: $4,812
Subdivision: VILLAGE OF SANDALWOOD LAK
County: Palm Beach
Days on market: 287
MLS listing ID: A11904825
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.

Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

Property taxes ($/yr)

Home insurance ($/yr)

Vacancy (%)

Estimated monthly cash flow

$272

Cap rate: 7.0%
Net yield: 7.0%
Cash-on-cash return: 4.8%
Gross yield: 14.3%
Mortgage payment: $1,147/mo
Down payment: $60,500
Loan amount: $181,500
Annual NOI: $17,026

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