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3940 Flagler Drive N 303
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PRICED AT ONLY: $799,000

Address: 3940 Flagler Drive N 303, West Palm Beach, FL 33407

Description

Immediate income, long term upside! This waterfront condo delivers a 5% cap rate with strong tenants in place paying $6,500/month through the end of March 2026, offering dependable cash flow from day one! Located in one of West Palm Beach's most rapidly evolving neighborhoods, this income producing, turnkey residence offers both short term return and the opportunity to capitalize on a wave of redevelopment that's already reshaping the North Flagler corridor.The surrounding area is on the cusp of explosive transformation, and savvy investors are already taking notice. Florida's premier homebuilder, GL Homes, has acquired nearly 100 parcels immediately surrounding Flagler Landing with plans to develop a new enclave of single family luxury homes, while a large scale waterfront expansion

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  • MLS#: RX-11131275 ( Condo/Coop )
  • Street Address: 3940 Flagler Drive N 303
  • Viewed: 14
  • Price: $799,000
  • Price sqft: $0
  • Waterfront: No
  • Wateraccess: Yes
  • Year Built: 2007
  • Bldg sqft: 0
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • 1/2 Baths: 1
  • Garage / Parking Spaces: 2
  • Days On Market: 23

Description

Immediate income, long term upside! This waterfront condo delivers a 5% cap rate with strong tenants in place paying $6,500/month through the end of March 2026, offering dependable cash flow from day one! Located in one of West Palm Beach's most rapidly evolving neighborhoods, this income producing, turnkey residence offers both short term return and the opportunity to capitalize on a wave of redevelopment that's already reshaping the North Flagler corridor.The surrounding area is on the cusp of explosive transformation, and savvy investors are already taking notice. Florida's premier homebuilder, GL Homes, has acquired nearly 100 parcels immediately surrounding Flagler Landing with plans to develop a new enclave of single family luxury homes, while a large scale waterfront expansion
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Features
Building and Construction
  • Absolute Longitude: 80.051364
  • Construction: CBS
  • Covered Spaces: 2.00
  • Design: < 4 Floors, Contemporary
  • Dining Area: Breakfast Area, Dining-Living, Snack Bar
  • Exterior Features: Covered Balcony, Open Balcony
  • Flooring: Ceramic Tile
  • Front Exp: North
  • Roof: Comp Shingle
  • Sqft Source: Floor Plan
  • Sqft Total: 1980.00
  • Total Floorsstories: 4.00
  • Total Number Of Units: 19
  • Total Building Sqft: 1980.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212109142258000000
Land Information
  • Lot Description: East of US-1, Sidewalks
  • Subdivision Information: Boating, Elevator, Fitness Center, Pool, Sidewalks
Garage and Parking
  • Parking: 2+ Spaces, Assigned, Covered, Garage - Building
Eco-Communities
  • Private Pool: No
  • Storm Protection Impact Glass: Complete
  • Waterfront Details: Intracoastal
Utilities
  • Cooling: Ceiling Fan, Central, Electric
  • Heating: Central, Electric
  • Pet Restrictions: Number Limit
  • Pets Allowed: Yes
  • Security: Gate - Manned, Security Patrol
  • Utilities: Cable, Electric, Public Sewer, Public Water, Water Available
  • Window Treatments: Blinds, Drapes, Impact Glass
Finance and Tax Information
  • Application Fee: 150.00
  • Home Owners Association poa coa Monthly: 1643.83
  • Homeowners Assoc: Mandatory
  • Membership: No Membership Avail
  • Membership Fee Required: No
  • Tax Year: 2024
Other Features
  • Boat Services: Common Dock
  • Country: United States
  • Equipment Appliances Included: Auto Garage Open, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range - Electric, Refrigerator, Smoke Detector, Washer, Water Heater - Elec
  • Furnished: Furnished, Turnkey
  • Governing Bodies: Condo
  • Housing For Older Persons Act: No Hopa
  • Interior Features: Built-in Shelves, Closet Cabinets, Elevator, Entry Lvl Lvng Area, Foyer, Kitchen Island, Pantry, Roman Tub, Volume Ceiling, Walk-in Closet
  • Legal Desc: FLAGLER LANDING CONDOMINIUM UNIT 303 BLDG 6 IN OR22094P263 F/K/A UNIT 623
  • Parcel Id: 74434310350063030
  • Possession: At Closing, Funding
  • Special Assessment: No
  • Special Info: Sold As-Is
  • Unit Number: 303
  • View: Garden
  • Views: 14
  • Zoning: RPD(ci
Nearby Subdivisions
Flagler Landing   Flagler Landing Condo   Flagler Point   Flagler Pointe   Flagler Pointe Condo   Gramercy Park   La Fontana Apts Of Palm Beach    Lakeside Court   Majestic Towers I Condo   North Palm Bch 1   Olara   Palm Beach House   Palm Beach House Condo   Placido Mar   Placido Mar Condo   Portofino   Portofino Condo Pt Of Lts   Portofino Condo Pt Of Lts 15 A   Portofino Condominium Pt Of Lt   Regency Surf   Regency Surf & Racquet Club Co   The Ritz Carlton Residences, W   The Ritz-carlton Residences, W   Villa Lofts Condo  
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