2400 Presidential Way 1206, West Palm Beach, FL 33401 — MLS photo

Active · Condominium

$229,000

2400 Presidential Way 1206, West Palm Beach, FL 33401

Beds: 2
Baths: 2
Living area: 1,206 sq ft
$ / sq ft: $190/sq ft
Year built: 1972
Lot size: —
HOA fee: $4,119 Quarterly
Annual tax: $3,996

About this property

Beautifully kept 2/2 Corner Unit in the perfectly located Lands of the Presidents gated community. Enjoy amazing golf course, intracoastal and city views from TWO balconies, covered parking, updated kitchen with granite countertops and stainless steel appliances, walk in closets and many more features. Security includes a guarded community gate and building doorman as well as an onsite manager. Community includes gym, pool & social room and is a short walk from restaurants, shops and golf courses.

Property location

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2400 Presidential Way 1206, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Living area: 1,206 sq ft
Flooring: Ceramic Tile, Tile
Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling: Central Air, Ceiling Fans
Heating: Central
Interior features: Dual Sinks, Walk In Closets, Pantry
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1972
Stories: 20
Lot size: 0 sq ft
Roof: Concrete
Construction: Block
Exterior features: Balcony, None, Storm Security Shutters
Pool: None

Parking

Covered spaces: 1
Parking features: Assigned, Attached, Covered, Garage, Guest

HOA, Community & Financials

Association fee: $4,119 Quarterly
Fee inclusions: Common Area Maintenance
Amenities: Controlled Access
Security: Security Gate
Pets allowed: No
Annual tax: $3,996
Subdivision: LANDS OF THE PRESIDENT CON
County: Palm Beach
Days on market: 160
MLS listing ID: B26017390
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.

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Estimated monthly cash flow

-$404

Cap rate: 3.6%
Net yield: 3.6%
Cash-on-cash return: -7.6%
Gross yield: 14.7%
Mortgage payment: $1,086/mo
Down payment: $57,250
Loan amount: $171,750
Annual NOI: $8,176

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