Off-Market Condo: 10 at 1551 N Flagler Dr, West Palm Beach, FL, 33401
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1551 N Flagler Dr, West Palm Beach, FL, 33401

- #1010

$339,900

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $2,300 per month, based on comparable local listings. Estimated long-term cap rate of -2.4%. This 1-bedroom, 1-bathroom unit offers a stunning pool view and boasts modern features such as stainless steel appliances, granite countertops, and an in-unit washer/dryer. Situated in The Slade, a luxury high-rise on Flagler Drive, this residence is in a prime West Palm Beach location, close to shops, restaurants, and boating, and just a short bridge away from Palm Beach Island. The Slade provides top-tier amenities, including a 24-hour front desk attendant, two heated infinity pools, a spa, a state-of-the-art gym, a club room, a business center, and valet parking. This pet-friendly building also features a dog park, secure garage parking, and on-site management.

Property Information
Monthly Rent
$2,300
Monthly HOA
$835
Rental Policy
STR Restrictions
Yearly Taxes
$4065
Bedrooms
1
Bathrooms
1
SQFT
760
Furnished
unknown
Year built
2005
Listing Status
Off Market
MLS
RX-10997987

Long-term Rental Potential
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$27,600

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,300/mo

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