2400 Presidential Way 401, West Palm Beach, FL 33401 — MLS photo

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2400 Presidential Way 401, West Palm Beach, FL 33401

Active · Condominium

$275,000

2400 Presidential Way 401, West Palm Beach, FL 33401

Beds
3
Baths
2
Living area
1,404 sq ft
$ / sq ft
$196/sq ft
Year built
1972
Lot size
—
HOA fee
$1,587 Monthly
Annual tax
$3,510

About this property

Spacious 3BR/2BA north-facing unit in Lincoln Tower with over 1,400 sq ft and two private balconies. Open-concept kitchen with modern finishes, fully renovated bathrooms, and waterproof laminate flooring throughout. Bright interior with large sliding glass doors. Third bedroom currently configured as a den/office (common for this floor plan). Includes 2 assigned parking spaces (1 covered, 1 open). Full-service building with 24-hour doorman, secure lobby, pool, and fitness center, located in the gated community of Lands of the President. Assessments paid and construction complete.

Property location

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2400 Presidential Way 401, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,404 sq ft
Flooring
Vinyl
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Split Bedrooms, Shower Only, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1972
Stories
20
Lot size
0 sq ft
Roof
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Storm Security Shutters
Pool
None, Association, Community

Parking

Covered spaces
1
Parking features
Assigned, Covered, Detached, Garage, Guest, One Space

HOA, Community & Financials

Association fee
$1,587 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Parking, Pest Control, Sewer, Security, Trash, Water
Amenities
Clubhouse, Controlled Access, Fitness Center, Management, Pool, Guard, Trash, Elevators
Security
Door Man, Gated With Guard, Key Card Entry, Lobby Secured, Security System
Pets allowed
No
Annual tax
$3,510
Subdivision
LANDS OF THE PRESIDENT CON
County
Palm Beach
Days on market
177
MLS listing ID
B26016094
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

-$389

Cap rate
4.0%
Net yield
4.0%
Cash-on-cash return
-6.1%
Gross yield
14.3%
Mortgage payment
$1,304/mo
Down payment
$68,750
Loan amount
$206,250
Annual NOI
$10,977

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