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The Grand Isles 10 Condominium Units 4145 N. Haverhill Rd. West Palm Beach, FL 33417
The Grand Isles 10 Condominium Units
4145 N. Haverhill Rd.
West Palm Beach, FL 33417
The Offering
Purchase Price: $1,750,000
Price Per Unit: $175,000
Price PSF: $111.17
Monthly Income: $16,246
Monthly Expenses: $7,061.42
Cap Rate: 6%
No. of Units: 10
Unit Type: 3B/2B with Garage
Livable Sq. Ft.: 12,290
Sq. Ft. Per Unit: 1,229
Year Built: 2,000
COA is FHA Approved!!!
The Property
Amenities include:
Resort style swimming pool
w/sundeck
Fitness center
Jogging trail around lake
Picnic/grilling areas
Controlled access entry gate
Car care center
Separate Volleyball and
tennis court
Dog 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 Features
Attached Garages
Full size washer and dryer
Ceramic tile in foyer
Private terrace
Vertical blinds on all windows and sliding glass door
Spacious walk-in closets
Ceiling paddle fan
Pantries and linen closets
Track lighting in dining area
Plush wall to wall carpeting
Intrusion alarm with monitoring option
Pre-wired for cable TV and high speed internet
State-of-the-art HDTV satellite/cable ready
High speed internet access
The Units Cont.
Floor Plans
Floor Plans Cont.
Units
Unit # Bed/Bath Sq. Ft. PCN
4199-104 3B/2B-G 1225 74-42-43-11-06-001-1040
4199-115 3B/2B-G 1235 74-42-43-11-06-001-1150
4199-116 3B/2B-G 1235 74-42-43-11-06-001-1160
4197-214 3B/2B-G 1225 74-42-43-11-06-002-2140
4197-215 3B/2B-G 1235 74-42-43-11-06-002-2150
4179-605 3B/2B-G 1225 74-42-43-11-06-006-6050
4179-614 3B/2B-G 1225 74-42-43-11-06-006-6140
4171-1004 3B/2B-G 1225 74-42-43-11-06-010-1004
4171-1009 3B/2B-G 1235 74-42-43-11-06-010-1009
4167-1104 3B/2B-G 1225 74-42-43-11-06-011-1104
Rent Roll
RENT ROLL (as of 12/1/18)
Unit Model BD/BA Garage Sq. Ft. Market Rent Rent Lease From Lease To
4199-104 Seaspray 3B/2B Yes 1225 $ 1,600.00 $1,596.00 9/1/2018 8/31/2019
4199-115 Southwind 3B/2B Yes 1235 $ 1,600.00 $1,600.00 4/1/2018 3/31/2019
4199-116 Southwind 3B/2B Yes 1235 $ 1,600.00 $1,650.00 4/1/2018 3/31/2019
4197-214 Seaspray 3B/2B Yes 1225 $ 1,600.00 $1,600.00 3/9/2018 2/28/2019
4197-215 Southwind 3B/2B Yes 1235 $ 1,600.00 $1,625.00 2/1/2018 1/31/2019
4179-605 Seaspray 3B/2B Yes 1225 $ 1,600.00 $1,625.00 6/1/2018 5/31/2019
4179-614 Seaspray 3B/2B Yes 1225 $ 1,600.00 $1,725.00 4/1/2018 3/31/2019
4171-1004 Seaspray 3B/2B Yes 1225 $ 1,600.00 $1,600.00 9/1/2018 8/31/2019
4171-1009 Southwind 3B/2B Yes 1235 $ 1,600.00 $1,625.00 7/1/2018 6/30/2019
4167-1104 Seaspray 3B/2B Yes 1225 $ 1,600.00 $1,600.00 6/1/2018 5/31/2019
Annual Income/Expenses
Income/Expense Total
Income (actual):
Vacancy Loss (3%):
$194,952
($5,848.56)
Expenses:
Association Fees ($325/unit) $39,000
Repairs & Maintenance (estimate) $9,000
Utilities Tenants Pay
Real Estate Taxes (actual) $22,337
Insurance (estimate) $14,400
NOI $104,336.44
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, Associate
Live Rite Realty Management, LLC
License: FL - SL3305851
Office: 561-530-4917
Cell: 561-339-9180
Email: [email protected]
Fax: 561-828-3109
