$1,520,000
West Palm Beach, FL 33415
MLS# B26092035
7607 sqft
1 / 45
Property Description
6.9% Cap Rate, $105,072 NOI. Acquire a self-managed, fully leased 10-property investment portfolio by purchasing a single LLC's membership interests. Units are renovated (2) 2bed/2bath,(2) 2bed/1bath, (1)1bed/2bath & (5) 1bed/1bath units all located in well maintained Palm Beach County 55+ communities with well-established pet-free tenants. The communities are villas or 2-story condos with no upcoming assessments; the master insurance policies are covered in dues. LMR & security deposits of $29,440 transfer. This structure consolidates 10 individual property closings into one transaction without transferring the individual deeds or paying closing costs on individual sales. The portfolio offers established leasing rights with no seasoning period. See supplement for addresses. Cash Only
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-10-23
Status: Active
Original List Price: 1520000
List Price: $1,520,000
Current Price: $1,520,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
Municipality Type: Unincorporated
Municipal Code: 00
Geographic Area: PB19
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 2907
Street Name: ASHLEY
Street Suffix: Drive
Street Direction Suffix: W
Unit Number: A
State Or Province: FL
Postal Code: 33415
Postal Code +4: 9309
Subdivision Name: Palm Beach County 55+ Assemblage
Area: 5720
Parcel Number: 00424413210050010
Zoning: RM
General Property Information
Number Of Units Total: 4
Living Area Main: 7607
Living Area Source: Other
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 10
Senior Community YN: Yes
Stories Total: 2
Pool Private YN: No
LP/Assessed Value: 17.09
Property Sub Type: Quadruplex
Building Area Main: 7607
Building Area Source: Other
Year Built: 1968
Financial Information
Association Deposit YN: No
Association Membership: Mandatory
Association Email: elizabeth@real-ativity.com
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 4248
Tax Assessed/SOH Value: 88954
Assessor Market Value: 93260
Association YN: 1
Association Fee: 50968
Association Fee Frequency: Annually
Tax Annual Amount: 20601
Tax Year: 2025
Tax Legal Description: CRESTHAVEN VILLAS NO 7 CONDOMINIUM PARCEL A BLDG 5
Office/Member Information
DXORIGMLSID: RML
Association Amenities
Pool: 1
Association Fee Includes
Insurance: 1
Exterior Features
Storage: 1
Flooring
Engineered Wood: 1
Tile: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Special Listing Conditions
Standard: 1
Documents Available
Copy Of Lease(s): 1
Deposit - Last Months Rent: 1
Deposit Held: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Electric Meters: 10
Number Of Separate Water Meters: 10
Structure Type
Villa: 1
Tenant Pays
Electricity: 1
Water: 1
Possession
Other: 1
Sewer
Public Sewer: 1
Utilities
None: 1
Heating
Central: 1
Construction Materials
Block - Decorative: 1
Listing Terms
Cash: 1
Roof
Shingle: 1
Water Source
Public: 1
Cooling
Central Air: 1
Association Type
Condominium: 1
Showing Requirements
Call Listing Agent: 1
Pets Allowed YN
No: 1
Restrictions
See Remarks: 1
Tax Information
No Homestead: 1
Unit 1 Appliances
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 14720
Baths Full: 11
Baths Half: 2
Beds Total: 14
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 7609
Unit 1 Interior Features
Pantry: 1
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-08-27
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Parking Space: 1
Unit 1 Patio/Porch
Screened Porch: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 14720
Baths Full: 11
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 7607
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-10-31
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
Parking Space: 1
Unit 2 Rooms
Laundry Room: 1
Price Calculations
Current Price To SqFt: 199.81
Status Change Information
Major Change Timestamp: 2026-10-23T19:07:52Z
Major Change Type: New Listing
Status Change Date: 2026-10-23
Originating Details
Originating System Key: 20261023174805458714000000
Originating System ID: M00000170
Property Features
Association Amenities: Pool
Association Fee Includes: Insurance
Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit Held
Exterior Features: Storage
Flooring: Engineered Wood; Tile
Special Listing Conditions: Standard
Structure Type: Villa
Tenant Pays: Electricity; Water
Construction Materials: Block - Decorative
Cooling: Central Air
Association Type: Condominium
Heating: Central
Listing Terms: Cash
Pets Allowed YN: No
Possession: Other
Restrictions: See Remarks
Roof: Shingle
Sewer: Public Sewer
Tax Information: No Homestead
Utilities: None
Water Source: Public
Showing Requirements: Call Listing Agent
Unit 1 Appliances: Dishwasher; Microwave; Refrigerator
Unit 1 Interior Features: Pantry
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Dishwasher; Microwave; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Laundry Room
Supplements
All units are located close together and have screened porches, additional storage, and either in-unit laundry or a free-standing laundry room within 50ft. Unit addresses: 401 Pine Glenn Lane B1, Greenacres, FL 33463 5800 Whispering Pine Way D2, Greenacres, FL 33463 5961 Whispering Pine Way A1, Greenacres,FL 33463 2779 Emory Drive E, Unit E, West Palm Beach, FL 33415 2907 W Ashley Drive A, West Palm Beach, FL 33415 5960 Whispering Pine Way C-2, Greenacres, FL 33463 2837 Ashley Drive W D, West Palm Beach, FL 33415 214 Lake Frances Drive, West Palm Beach, FL 33411 414 Pine Glen Lane C-2, Greenacres, FL 33463 327 Knotty Pine Circle A-1, Greenacres, FL 33463 A membership-interest transfer may have different property tax implications than a deed transfer*
Listing Office: Real - ativity
Last Updated: October - 23 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
