3940 N Flagler DR 303 Active Save Request In-Person Tour Request Virtual Tour
West Palm Beach,FL 33407
Key Details
Property Type Condo
Sub Type Condo/Coop
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $403
MLS Listing ID RX-11131275
Style < 4 Floors,Contemporary
Bedrooms 2
Full Baths 2
Half Baths 1
HOA Fees $1,643/mo
Min Days of Lease 90
Year Built 2007
Annual Tax Amount $12,070
Tax Year 2024
Property Sub-Type Condo/Coop
Property 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
Location
Subdivision Flagler Landing Condo
State FL
County Palm Beach
Community Flagler Landing
Area 5420
Zoning RPD(ci
Rooms
Other Rooms Convertible Bedroom,Den/Office,Family,Great,Laundry-Inside
Interior
Heating Central,Electric
Cooling Ceiling Fan,Central,Electric
Flooring Ceramic Tile
Exterior
Exterior Feature Covered Balcony,Open Balcony
Parking Features 2+ Spaces,Assigned,Covered,Garage - Building
Garage Spaces 2.0
Community Features Sold As-Is, Gated Community
Utilities Available Cable,Electric,Public Sewer,Public Water,Water Available
Amenities Available Boating,Elevator,Fitness Center,Pool,Sidewalks
Waterfront Description Intracoastal
View Garden
Roof Type Comp Shingle
Exposure North
Building
Lot Description East of US-1,Sidewalks
Story 4.00
Foundation CBS
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Pets Allowed Number Limit
Virtual Tour https://www.propertypanorama.com/3940-N-Flagler-Drive-303-West-Palm-Beach-FL-33407/unbranded