4001 S Ocean Boulevard 308, South Palm Beach, FL 33480 — MLS photo

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4001 S Ocean Boulevard 308, South Palm Beach, FL 33480

Active · Condominium

$114,900

4001 S Ocean Boulevard 308, South Palm Beach, FL 33480

Beds
0
Baths
1
Living area
376 sq ft
$ / sq ft
$306/sq ft
Year built
1958
Lot size
73,316 sq ft
HOA fee
$768
Annual tax
—

About this property

Welcome to your beach getaway! This bright, top-floor studio at Tropicana Gardens in South Palm Beach is clean, turnkey & features modern finishes. Recent updates include the bathroom vanity, modern lighting fixtures & fans & luxury vinyl flooring. Impact door & impact glass throughout provides storm protection & noise protection. The fully renovated kitchen boasts white quartz stone & stainless-steel appliances. Tropicana Gardens is a 55+ building that is very well-maintained, past Milestone Inspections, fully reserved & highlighted by a heated pool on the Intracoastal. A large extra storage locker provides valuable additional space. The community handyman is fantastic. The assigned parking spot is super convenient to the unit, which can be reached via stairs or elevator. This building is in a prime location at the base of the Strip, with fantastic proximity to: Lantana Beach & Dune Deck Café, across the street; The Eau Resort; Plaza del Mar Shopping Center with Publix, Thaikyo, Art Basil, Ice Cream Club & John G's; Lantana Nature Preserve.

Property location

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4001 S Ocean Boulevard 308, South Palm Beach, FL 33480

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
376 sq ft

Exterior & Structure

Property type
Condominium
Year built
1958
Lot size
73,316 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$768
County
Palm Beach
MLS listing ID
R11169596
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

-$701

Cap rate
-1.6%
Net yield
-1.6%
Cash-on-cash return
-26.1%
Gross yield
10.4%
Mortgage payment
$545/mo
Down payment
$28,725
Loan amount
$86,175
Annual NOI
-$1,875

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