Property 414 PINE GLEN C-2, Greenacres, FL for sale with MLS# B26092544
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*
414 PINE GLEN C-2, Greenacres, FL
- Price:
- $1,520,000.00
- Original List Price:
- $1,520,000.00
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- October 25, 2026 10:01 pm
- Built-Up Area:
- 7,607 Sqft
- Building Area Source:
- Other
- Security:
- Other
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Year Built:
- 1981
- Roof:
- Other
- Number of Units Total:
- 10
- Construction Materials:
- CBS
- Number of stories:
- 1
- Flood Zone Code:
- X
- Tax Annual Amount:
- $20,601.00
- Tax Year:
- 2025
- Tax Assessed Value:
- $108,121.00
- Parking Total Spaces:
- 10
- Sewer:
- Public Sewer
- Electric:
- 150 Amp Service
- Water Source:
- Public
- Senior Community:
- No
- Documents Available:
- Rent Rolls
- Listing Terms Considered by Seller:
- Cash
- Buyer Possession:
- Subject To Tenant Rights
- Tax Legal Description:
- PINE RIDGE SOUTH IV COND BLDG 414 UNIT C-2
- Real Estate Folio Number (Parcel Number):
- 18424427164140032
- Zoning:
- RM
- Active on the market since:
- October 25, 2026
- Listing Agreement executed on:
- October 25, 2026
- Listing Status Last Changed On:
- October 25, 2026 10:01 pm
- Photos updated on:
- October 25, 2026 10:01 pm
- Last Modified:
- October 25, 2026 10:32 pm
- Courtesy of:
- Real - ativity
- Attribution:
- Not provided
- Street Name:
- PINE GLEN
- Street Number:
- 414
- Unit Number:
- C-2
- City:
- Greenacres
- State:
- Florida
- County:
- Palm Beach
- Latitude:
- N26° 36' 22.3''
- Longitude:
- W81° 51' 24.7''
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