414 PINE GLEN C-2
Greenacres, FL $ 1,520,000
Bedrooms-- Baths-- Sq 7,607 Monthly Estimate*
$ 10,498
for $1,520,000. This 7,607 square foot building was built in 1981.
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 Subject To Tenant Rights
Roof Other
Security Features Other
Construction Materials CBS (Concrete Block Structure) Block
Year Built 1981
Electric 150 Amp Service
Unit Number C-2
Property Subtype Multi Family
Tax Year 2025
Accessibility None
County Palm Beach
Property Type Commercial Sale
Status Active
City Greenacres
Number Of Units Total 10
MLS Area 5730
Tax Annual Amount 20601
MLS Area Minor PB18
Standard Status Active
Property Sub Type Additional Multi Family
Legal Description PINE RIDGE SOUTH IV COND BLDG 414 UNIT C-2
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InteriorTotal Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorWater Source Multiple Meters Public
Total Parking 10
Building Area Total 7607
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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 NearbyCommerical listings in Greenacres, FL
Average List Price $320,273
Percent of Sale Price 79%
About Greenacres, FL 39,834 Population
38% Since 2002
$ 42,849 Median Income
39.15 Median Age
31% 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 |
|---|
| 10/25/2026 | $1,520,000 | | Listed Price |