2641 Gately Drive W 503, West Palm Beach, FL 33415 — MLS photo

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2641 Gately Drive W 503, West Palm Beach, FL 33415

Active · Condominium

$89,900

2641 Gately Drive W 503, West Palm Beach, FL 33415

Beds
1
Baths
1
Living area
629 sq ft
$ / sq ft
$143/sq ft
Year built
1987
Lot size
—
HOA fee
$532
Annual tax
—

About this property

Welcome to Arbours of the Palm Beaches Condo, a desirable 55+ community offering comfort and convenience. This corner unit building features a 2nd-floor 1-bedroom, 1 bathroom condo with vaulted ceilings that create a bright and open feel throughout the living spaces. Enjoy added peace of mind with accordion shutters and impact sliding doors. The unit welcomes you with a foyer entrance leading into the dining and living areas. The kitchen offers appliances updated in 2023, cabinetry for storage, and a convenient pass-through countertop perfect for entertaining. The spacious bedroom features direct access to a private balcony, providing a relaxing outdoor retreat. The washer and dryer are conveniently located inside the unit. Additional updates include a 2024 A/C system. Enjoy the lifestyle and amenities this well-maintained community has to offer while being close to shopping, dining, and major roadways.

Property location

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2641 Gately Drive W 503, West Palm Beach, FL 33415

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
629 sq ft

Exterior & Structure

Property type
Condominium
Year built
1987
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$532
County
Palm Beach
MLS listing ID
B26035671
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

$41

Cap rate
6.2%
Net yield
6.2%
Cash-on-cash return
1.9%
Gross yield
18.4%
Mortgage payment
$426/mo
Down payment
$22,475
Loan amount
$67,425
Annual NOI
$5,601

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