10
  • 0
  • Bathroom
  • Sq Ft
  • Area Size
414 PINE GLEN # 2, FL 33463 | Palm Beach County | B26092544
  • $1,520,000

Description

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 transfer*

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Listing data courtesy of MIAMI Association of REALTORS (RAPB/GFLR) via Bridge Interactive. Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

  • Address: PINE GLEN
  • Zip/Postal Code: 33463

Details

Updated on October 27, 2026 at 3:41 am
  • Property ID B26092544
  • Price $1,520,000
  • Bathroom 0
  • Year Built 1981
  • Property Status Active, Commercial Sale

Additional details

  • Cooling Central Air
  • Heating Central
  • Tax Year 2025
  • Unit Number C-2
  • Listing Terms All Cash
  • Total Stories 1
  • Waterfront No
  • Association No
  • Private Pool No
  • Structure Type Multi Family
  • Annual Tax 20601
  • Building Area 7607
  • Lot Size (Sq Ft) 0
  • New Construction No
  • Construction CBS Construction

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