2779 EMORY Drive W E
West Palm Beach, FL $ 1,520,000
Bedrooms-- Baths-- Sq 7,602 Monthly Estimate*
$ 10,498
for $1,520,000. This 7,602 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
Roof Composition
Construction Materials CBS (Concrete Block Structure) Block
Year Built 1981
Electric 150 Amp Service
Tenant Pays Cable TV Electricity Water
Stories Count 1
Levels One
Unit Number E
Property Subtype Business
Tax Year 2025
County Palm Beach
Property Type Business Opportunity
Status Active
City West Palm Beach
MLS Area 5720
Tax Annual Amount 20601
MLS Area Minor PB19
Standard Status Active
Property Sub Type Additional Business
Legal Description CRESTHAVEN VILLAS COND NO 32 PAR E BLDG 1
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InteriorTotal Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorWater Source Multiple Meters Public
Building Area Total 7602
Road Surface Type Paved
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 NearbyCommerical listings in West Palm Beach, FL
Average List Price $2,481,671
Percent of Sale Price 63%
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 |
|---|
| 10/25/2026 | $1,520,000 | | Listed Price |