Recently Listed Adult Community 2907 ASHLEY Drive W A
West Palm Beach, FL, 33415 $ 1,520,000
Bedrooms-- Baths0.0 Sq 7,607 Monthly Estimate*
$ 10,498
for $1,520,000. This 7,607 square foot home was built in 1968.
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*
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities None
Possession Other
Roof Shingle
HOA Fee 50968
Association Fee Includes Insurance
Pool Features Association
Construction Materials Block
Pets Allowed No
Year Built 1968
Tenant Pays Electricity Water
Unit Number A
Property Subtype Quadruplex
Tax Year 2025
Accessibility None
Assoc Fee Paid Per Annually
County Palm Beach
Property Type Residential Income
Association Amenities Pool
Subdivision Name Palm Beach County 55+ Assemblage
Status Active
City West Palm Beach
Senior Community Y/N true
Number Of Units Total 2
MLS Area 5720
Tax Annual Amount 20601
MLS Area Minor PB19
Standard Status Active
Property Sub Type Additional Quadruplex Villa
Legal Description CRESTHAVEN VILLAS NO 7 CONDOMINIUM PARCEL A BLDG 5
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InteriorFlooring Engineered Hardwood Tile
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorPrivate Pool false
Exterior Amenities Storage
Water Source Multiple Meters Public
Total Parking 10
Building Area Total 7607
Waterfront Y/N false
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* Excluded FeaturesList ByElizabeth A LewisListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $10,498
- Monthly Property Taxes
- $1,717
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in West Palm Beach, FL
Average List Price $902,325
Percent of Sale Price 41%
About West Palm Beach, FL 111,545 Population
36% Since 2002
$ 51,879 Median Income
40.03 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/23/2026 | $1,520,000 | | Listed Price |