1200 Surf Road, West Palm Beach, FL 33404 — MLS photo

Active · SingleFamilyResidence

$2,700,000

1200 Surf Road, West Palm Beach, FL 33404

Beds: 12
Baths: 6
Living area: 5,931 sq ft
$ / sq ft: $455/sq ft
Year built: 1953
Lot size: 12,763 sq ft
HOA fee: —
Annual tax: $30,054

About this property

Amazing, large complex investment opportunity with a tenant in place. The facility is currently rented and operated as a sober home. Located in a picturesque setting within walking distance to the beaches on Singer Island, this unique private compound offers 12 bedrooms, 6 bathrooms, offices, and a commercial kitchen. Development opportunities due to special Hotel/Multifamily Zoning

Property location

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1200 Surf Road, West Palm Beach, FL 33404

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Facts & features

Interior

Bedrooms: 12
Bathrooms: 6
Living area: 5,931 sq ft
Flooring: Carpet, Hardwood, Wood
Appliances: Some Gas Appliances, Dishwasher, Electric Water Heater, Gas Range, Microwave, Washer
Cooling: Central Air
Heating: Central
Interior features: Built In Features, Bedroom On Main Level, Closet Cabinetry, Entrance Foyer, High Ceilings, Main Level Primary, Split Bedrooms, Shower Only, Upper Level Primary, Bar, Walk In Closets, Skylights, Workshop
Furnished: Partially

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 1953
Stories: 2
Lot size: 12,763 sq ft
Roof: Spanish Tile
Construction: Block
Exterior features: Balcony, Fence, Patio
Pool: None

Parking

Covered spaces: 0
Parking features: Open, Two Or More Spaces

HOA, Community & Financials

Security: Fire Alarm, Lobby Secured, Security System, Fire Sprinkler System, Smoke Detectors
Pets allowed: No
Annual tax: $30,054
Subdivision: Yacht Harbour Estates
County: Palm Beach
Days on market: 182
MLS listing ID: B26018071
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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Monthly HOA ($)

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Estimated monthly cash flow

-$588

Cap rate: 5.4%
Net yield: 5.4%
Cash-on-cash return: -0.9%
Gross yield: 8.0%
Mortgage payment: $12,799/mo
Down payment: $675,000
Loan amount: $2,025,000
Annual NOI: $146,537

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