409 Executive Center Drive 208, West Palm Beach, FL 33401 — MLS photo

Active · Condominium

$179,000

409 Executive Center Drive 208, West Palm Beach, FL 33401

Beds: 2
Baths: 2
Living area: 925 sq ft
$ / sq ft: $194/sq ft
Year built: 1971
Lot size: —
HOA fee: $467 Monthly
Annual tax: $3,000

About this property

FOR SALE-Spacious 2 bedroom 2 bath second floor CORNER UNIT with covered balcony. New laminate waterproof floor in living area and bedrooms. White kitchen cabinets with granite countertop. Near pool and tennis court-Security Patrol , basketball court, bbq grills facilities. Small laundry just downstairs a few steps Or use Main community laundry. Great amenities. All ages. Pet friendly-no rental restrictions- Condominium located close to shops, restaurants and entertainment. location near I-95 and Palm Beach Outlet. Unit renter with long term tenant $ 1,900 per month. Lease ends 2/28/2027

Property location

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409 Executive Center Drive 208, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 925 sq ft
Flooring: Ceramic Tile, Hardwood, Tile, Wood
Appliances: Dishwasher, Electric Range, Refrigerator
Cooling: Electric
Heating: Central, Electric
Interior features: Living Dining Room, Tub Shower, Walk In Closets

Exterior & Structure

Property type: Condominium
Year built: 1971
Stories: 2
Lot size: 0 sq ft
Roof: Concrete
Construction: Block
Pool: None, Association, Community

Parking

Covered spaces: 0
Parking features: On Street

HOA, Community & Financials

Association fee: $467 Monthly
Fee inclusions: Association Management, Common Area Maintenance, Recreation Facilities, Roof, Water
Amenities: Basketball Court, Management, Barbecue, Picnic Area, Pool
Pets allowed: No
Annual tax: $3,000
Subdivision: CLEAR LAKE PALMS CONDOMINI
County: Palm Beach
Days on market: 193
MLS listing ID: B26000432
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

$271

Cap rate: 7.5%
Net yield: 7.5%
Cash-on-cash return: 6.5%
Gross yield: 14.5%
Mortgage payment: $849/mo
Down payment: $44,750
Loan amount: $134,250
Annual NOI: $13,439

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