Bright, second floor turn key investment property in the heart of North Palm Beach. Remodeled bathroom with walk in shower. Remodeled kitchen with brand new stainless steel appliances and quartz countertops. New vinyl plank flooring. Washer and dryer in the unit. Minutes away from Publix, Target, The Gardens Mall, and I95. New roof installed in 2021. Buyer approval by condo association required. Leases must be a minimum of six months. No Airbnb or other short-term rentals. Currently leased until November 2023 for $1,700 per month. Tenant pays for cable/internet and electric. Owner currently pays for water/sewer. Stable, high quality tenant who has expressed desired to stay long-term. Forward 12 Month Pro Forma Financials Rental Income = $20,400 Est Insurance = $1,800 Est Taxes = $4,400 HOA Dues = $2,628 Water & Sewer = $420 Net Operating Income = $11,152 Cap Rate: 4.85% Do not disturb tenant. Please email or text (preferred contact method) to schedule appointment. 561-779-3453/castlewoodmgmt@gmail.com
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