2907 ASHLEY Drive W, #A
West Palm Beach, FL 33415
$1,520,000
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 ...
+ Read More| List Price: | $1,520,000 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Living Area: | 7,607 |
| Tax Annual Amount: | $20,601 |
| Waterfront?: | No |
| Subdivision: | Palm Beach County 55+ Assemblage |
| Year Built: | 1968 |
| Association Fee: | $50,968 |
| Association Fee Frequency: | Annually |
| Association Fee Includes: | Insurance |
| Association?: | Yes |
| Basement Yn: | No |
| Building Area Source: | Other |
| Construction Materials: | Block |
| Cooling: | CentralAir |
| Exterior Features: | Storage |
| Heating: | Central |
| Listing Contract Date: | 2026-10-23 |
| MLS Area Major: | 5720 |
| Mobile Dim Units: | Feet |
| Number Of Units In Community: | 4 |
| Original List Price: | $1,520,000 |
| Parcel Number: | 00424413210050010 |
| Parking Total: | 10 |
| Pets Allowed: | No |
| Pool Features: | Association |
| Possession: | Other |
| Postal City: | West Palm Beach |
| Roof: | Shingle |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 2 |
| Tax Year: | 2025 |
| Current Price: | $1,520,000.00 |
| Country Subdivision: | 12099 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:12099:00424413210050010 |
| Listing Id: | B26092035 |
|---|---|
| Property Sub Type: | Quadruplex |
| Association Fee: | $50,968 |
| City: | West Palm Beach |
| County Or Parish: | Palm Beach |
| Postal Code: | 33415 |
| Number Of Units Total: | 2 |
| Accessibility Features: | None |
| Association Amenities: | Pool |
| Building Area Total: | 7607.0 |
| Common Interest: | Condominium |
| Cooling?: | Yes |
| Flooring: | EngineeredHardwood, Tile |
| Heating?: | Yes |
| Listing Agreement: | ExclusiveAgency |
| Listing Terms: | Cash |
| Living Area Source: | Other |
| MLS Area Minor: | Pb19 |
| Number Of Separate Electric Meters: | 10 |
| Number Of Separate Water Meters: | 10 |
| Postal Code Plus4: | 9309 |
| Public Survey Township: | 00 |
| Senior Community?: | Yes |
| State Or Province: | FL |
| Tax Assessed Value: | $88,954 |
| Tenant Pays: | Electricity, Water |
| Utilities: | None |
| Water Source: | MultipleMeters, Public |
| Zoning: | RM |
| Property Sub Type Additional: | Quadruplex, Villa |
| List Office National Association Id: | 276547211 |
| Record Signature: | 1,683,945,108 |
Listing Courtesy of: Real - ativity
Listing Agent: Elizabeth A Lewis
561-512-4682
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BeachesMLS data last updated on October 24, 2026 05:10 AM - ET
Property Last Updated: October 24, 2026 05:10 AM - ET
