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The Grand Isles  10 Condominium Units The Grand Isles  10 Condominium Units

The Grand Isles 10 Condominium Units - PowerPoint Presentation

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Uploaded On 2019-11-20

The Grand Isles 10 Condominium Units - PPT Presentation

The Grand Isles 10 Condominium Units 4145 N Haverhill Rd West Palm Beach FL 33417 The Offering Purchase Price 1700000 Price Per Unit 170000 Price PSF 138 Monthly Income 16471 Monthly Expenses ID: 766008

road haverhill seaspray 1225 haverhill road 1225 seaspray 2019 southwind 1235 4199 units 650 2020 palm unit income 4197

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The Grand Isles 10 Condominium Units 4145 N. Haverhill Rd.West Palm Beach, FL 33417

The Offering Purchase Price: $1,700,000Price Per Unit: $170,000Price PSF: $138 Monthly Income: $16,471Monthly Expenses: $7,214Cap Rate: 6%No. of Units: 10Unit Type: 3B/2B with GarageLivable Sq. Ft.: 12,290Sq. Ft. Per Unit: 1,229Year Built: 2,000COA is FHA Approved!!!

The Property Amenities include:Resort style swimming pool w/sundeckFitness centerJogging trail around lakePicnic/grilling areasControlled access entry gateCar care centerSeparate Volleyball and tennis courtDog Park! The Grand Isles is a charming condominium property consisting of 320 units. Located just 2 miles north of Okeechobee Boulevard, Grand Isles offers easy access to golfing, beaches, the calm waters of the Intracoastal Waterway, and of course, star-studded shopping, dining, excellent schools, and is minutes away from the turnpike, I-95 and is 6 miles to downtown West Palm Beach.

Site Plan

Area Map

The Units Residential FeaturesAttached GaragesFull size washer and dryerCeramic tile in foyerPrivate terraceVertical blinds on all windows and sliding glass door Spacious walk-in closets Ceiling paddle fan Pantries and linen closetsTrack lighting in dining areaPlush wall to wall carpetingIntrusion alarm with monitoring optionPre-wired for cable TV and high speed internetState-of-the-art HDTV satellite/cable readyHigh speed internet access

The Units Cont.

Floor Plans

Floor Plans Cont.

Units PCN # Unit Type B/B SF 74-42-43-11-06-001-1040 4199 N. Haverhill Road #104 Seaspray 3B/2B 1225 74-42-43-11-06-002-2140 4197 N. Haverhill Road #214 Seaspray 3B/2B 1225 74-42-43-11-06-010-1004 4171 N. Haverhill Road #1004 Seaspray 3B/2B 1225 74-42-43-11-06-006-6050 4179 N. Haverhill Road #605 Seaspray 3B/2B 1225 74-42-43-11-06-006-6140 4179 N. Haverhill Road #614 Seaspray 3B/2B 1225 74-42-43-11-06-011-1104 4167 N. Haverhill Road #1104 Seaspray 3B/2B 1225 74-42-43-11-06-001-1150 4199 N. Haverhill Road #115 Southwind 3B/2B 1235 74-42-43-11-06-001-1160 4199 N. Haverhill Road #116 Southwind 3B/2B 1235 74-42-43-11-06-002-2150 4197 N. Haverhill Road #215 Southwind 3B/2B 1235 74-42-43-11-06-010-1009 4199 N. Haverhill Road #107 Southwind 3B/2B 1235

Rent Roll Unit Type B/B SF Lease Begin Lease Exp. Actual Rent 4199 N. Haverhill Road #104 Seaspray 3B/2B 1225 9/1/2018 8/31/2019 $ 1,596.00 4197 N. Haverhill Road #214 Seaspray 3B/2B 1225 3/1/2019 2/29/2020 $ 1,650.00 4171 N. Haverhill Road #1004 Seaspray 3B/2B 1225 9/27/2018 9/30/2019 $ 1,650.00 4179 N. Haverhill Road #605 Seaspray 3B/2B 1225 6/1/2019 5/31/2020 $ 1,650.00 4179 N. Haverhill Road #614 Seaspray 3B/2B 1225 4/1/2019 3/31/2020 $ 1,750.00 4167 N. Haverhill Road #1104 Seaspray 3B/2B 1225 6/1/2019 5/31/2020 $ 1,625.00 4199 N. Haverhill Road #115 Southwind 3B/2B 1235 4/12/2019 3/31/2020 $ 1,600.00 4199 N. Haverhill Road #116 Southwind 3B/2B 1235 12/22/2018 12/31/2019 $ 1,650.00 4197 N. Haverhill Road #215 Southwind 3B/2B 1235 2/19/2019 2/29/2020 $ 1,650.00 4199 N. Haverhill Road #107 Southwind 3B/2B 1235 1/3/2019 12/31/2019 $ 1,650.00

Annual Income/Expenses Income/Expense Total Income (actual): Vacancy Loss (3%):$197,652($5,929.56)Expenses: Association Fees ($325/unit)$39,000 Repairs & Maintenance (estimate) $9,000 Utilities Tenants Pay Real Estate Taxes (actual) $24,176 Insurance (estimate) $14,400 NOI $105,146

The Ballpark of the Palm Beaches What a great opportunity to acquire 10 units just a mile away from the brand new Ballpark of The Palm Beaches, where the Houston Astros and Washington Nationals are based for Spring Training, which brings in renters and potential buyers from the many employees at the facility, or even the baseball players and coaches themselves! This facility has rejuvenated the area since its open earlier last year.  

The Ballpark of the Palm Beaches

The Grand Isles Presented By:Joe Morello, AssociateLive Rite Realty Management, LLCLicense: FL - SL3305851 Office: 561-530-4917 Cell: 561-339-9180 Email: Jmorello.sfg@gmail.comFax: 561-828-3109