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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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2907 Ashley Drive W A , West Palm Beach, FL 33415
$1,520,000
Est. Payment: $8,114.59/mo
14 Bed
24 Bath
7607 Sqft
Status: active | Days on site: 4
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FLL276547211 - FLL278040783
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House 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 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*

Highlights

Listed by Elizabeth A Lewis , 561-512-4682 Real - ativity , 561-512-4682. REALTOR Association of Greater Miami and the Beach

Property Type

Multi-Family

HOA Fee

50968 Annually

Year Built

1968

County

Palm Beach

Area

5720

Neighborhood

Palm Beach County 55+ Asse

Listing ID

B26092035

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:14
  • ▪ Bathrooms:24
Air Cond:Central Air
Fireplaces:
Floor:Hardwood,Tile,Wood
Water:Public

Exterior Features

Zoning:RM
Roof:Composition,Shingle
Sewer:Public Sewer
Principal Interest
$8,115
Taxes
$1,717
HOA
$50,968

Home Price

$1,520,000

Loan Details

30 yrs
7.03%

Down Payment

20%
$304,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,114.59

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $8,114.59 $1,716.75 $50,968.00 $60,799.34
Yearly $97,375.12 $20,601.00 $611,616.00 $729,592.12
Total $2,921,253.48 $618,030.00 $18,348,480.00 $21,887,763.48

Today's Rates

30 Year

7.03%

20 Year

6.92%

15 Year

6.45%

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Market insight data is pulled from the same city as the listing being viewed (West Palm Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-03T03:09:01.000Z

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