Cays Realty
505 SPENCER Drive 211, West Palm Beach, FL 33409 — MLS photo

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505 SPENCER Drive 211, West Palm Beach, FL 33409

Active · Condominium

$149,900

505 SPENCER Drive 211, West Palm Beach, FL 33409

Beds
2
Baths
2
Living area
1,081 sq ft
$ / sq ft
$139/sq ft
Year built
1977
Lot size
—
HOA fee
$771 Monthly
Annual tax
$552

About this property

LOCATION LOCATION LOCATION! Spencer Place in central West Palm Beach. Mrs. Clean lived here- absolutely pristine! This spacious furnished or unfurnished 2-bedroom, 2-bathroom condo offers an open floor plan, a private balcony, and an in-unit washer and dryer. ROOF 2021, WATER HEATER 2023, A/C 2021. Monthly dues include water, sewer, and Wi-Fi! Residents enjoy a community pool, elevator access, and convenient covered parking in a friendly building. Located minutes from shopping, dining, the airport, and the vibrant downtown lifestyle of West Palm Beach. This is a must-see, move-in-ready

Property location

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505 SPENCER Drive 211, West Palm Beach, FL 33409

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,081 sq ft
Flooring
Carpet
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Family Dining Room, Living Dining Room, Main Living Area Entry Level, Tub Shower, Walk In Closets, Elevator
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
1977
Stories
4
Lot size
0 sq ft
Architectural style
Other, One Story
Roof
Other
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, None, Storm Security Shutters
Pool
None, Association, Community
View
Other, Water

Parking

Covered spaces
0
Parking features
Assigned, Attached, Covered, Garage, Guest, Open

HOA, Community & Financials

Association fee
$771 Monthly
Fee inclusions
Common Area Maintenance, Insurance, Parking, Pest Control, Pools, Security, Trash, Water
Association
GRS Management
Association contact
561 641 8554
Amenities
Clubhouse, Pool, Security, Trash, Elevators
Security
Intercom, Phone Entry
Pets allowed
No
Annual tax
$552
Subdivision
SPENCER PLACE CONDO
County
Palm Beach
Days on market
168
MLS listing ID
B26023812
Listing status
Active

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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

$495

Cap rate
9.6%
Net yield
9.6%
Cash-on-cash return
14.1%
Gross yield
18.9%
Mortgage payment
$711/mo
Down payment
$37,475
Loan amount
$112,425
Annual NOI
$14,462

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