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401 Southwind Drive
10,304 Sqft Disagree?
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Admirals cove is one of Jupiter, Florida's finest private gated communities in Palm Beach Country and one of Florida's premier golf and yachting addresses.
Fully Remodeled, New Everything, 8 Unit Apartment Building, Each Unit Separate Electric and Water Meters. Each Unit has 3 Bedrooms and 2 Bathrooms with Balconies and/or Fenced in Yards. Income and Expenses on MLS under Documents. NOI = $179,000 Cap Rate = 6% @ Full Purchase Price, with Room to Raise Rents. All Tenants On Annual Leases, with Rent Increases Scheduled Annually Per Lease. Each Tenant was screened and Paid $6,300 or More w/ Pet Fee at Move In, 1st Month, Last Month, & 1 Month Deposit. This is a Great Building that will require No Work as over $500,000 was put into the building in the start of 2020, As you see the Photos. Every Unit looks like the photos completely redone & Balconies Look onto the Water, 1st Floor Patios have Fenced yards.
Listing Courtesy of Palm Beachers Realty LLC.
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