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4-Presidential Golfview Condos

Property Type: Residential Income - Condo(s)

Last Updated: 11/5/2009 11:46:21 AM EST
Property # 23913

Location:

West Palm Beach, Florida 33401 USA

View Address On Mapquest

Value:
Loans:
Equity:

$596,000
$447,750
$148,250

Property Description:
4 beautiful golfcourse/lakefront condos in West Palm Beach, Florida. Great location across from the Palm Beach Mall. Excellent potential and growth! Long term tenants. WRAP AROUND MORTGAGE POSSIBLE.
Benefits to New Owner:
I Want To Exchange For Any Property That Has No Mortgages. Wrap around mortgage possible.

Unit Mix

# Units	3	Bed/Bath	2/2	Approx. Sq. Ft.	1075	Avg. Rent/mo.	$950
# Units	1	Bed/Bath	2/1	Approx. Sq. Ft.	975	Avg. Rent/mo.	$950
TOTALS	4

Annual Income & Expense
	Per/Year	% of G.I.	Projected/Year
Gross Schedule Income	$45,600	100%
Less Vacancy (-)	$0	0%
Other Income (+)	$0	0%
Gross Operating Income	$45,600	100%
Operating Expenses (-)	$8,829	19%
Net Operating Income (=)	$36,771	81%
Loan Payments (-)	$38,252	84%
CASH FLOW (=)	($1,481)	0%
Capitalization Rate	6.17%		0.00%
Lot Size
Zoning
Yr. Built	1984

Loans

	Balance	Mo. Payment	% Rate	Year Due	Lender	Assumable
Loan #1:	$447,500	$3,188	6.88		Conventional	MAYBE
TOTALS	$447,500	$3,188

Loan Comments

Wrap Around Mortgage Possible.

Additional Information Available Upon Request

No Appraisal available at this time

Leases

Can Adds

	Property Type	Value	Loans	Equity	Cash Flow (Yr.)
1	Personal Property/Notes / Paper	$275,000	$0	$275,000	$0
	CAN-ADD TOTALS	$275,000	$0	$275,000	$0

Click to view Other parties that may want what you have based on a computer match from the property records data

Owner's Profile
Occupation Name Please Sign In or Register to view owner information.
Why Owner No Longer Wishes to Own This Property
Reduce negative cash flow Owner's business no longer requires the property so it is excessive inventory Want to simplify my estate and property(s) could be a problem for heirs

Owner Comments and Benefits desired from Exchange

I Want To Exchange For Any Property That Has No Mortgages.

Will Consider Exchanging For

Commercial: Factory Outlet, Mall, Medical, Office, Resort, Retail, Shopping Center, Strip Center, Vacant, Other
Industrial: Manufacturing, Mini Storage, R & D, Vacant, Warehouse, Other
Residential Income: Apartments, Condo(s), House(s), Vacant, Other
Land: Commercial, Farm / Ranch, Industrial, Leased, Mixed Use, Multifamily, Residential, Subdivision, Timberland, Other
Mobile Home Park: Family, Senior, Trailer / RV, Other
Personal Property: Cash, Notes / Paper, Barter Currency, Airplane, Automobile, Boat / Yacht, Gem Stones, Insurance/Viaticals, Services, Stocks, Other
Business Opportunities: Boarding, Care Home, Health, Industrial, Lodging, Marina, Market, Recreation, Restaurant, Retail, Sports, Other
Owner Occupied: Condominium, Duplex, House, Mobile Home, Other
Services Offered: Loans

U.S. Locations
Map
States/Regions:

Regions: 'WEST', 'SOUTHWEST', 'MIDWEST', 'SOUTHEAST', 'NORTHEAST'

Owner Will Exchange for Additional Comments
I Will Exchange For Any Property That Has No Mortgages.

Property Represented By

Click Here to contact the Owner or Agent representing this property.

REE.com Inc. has not verified the above property information and therefore does not guarantee or warranty any information contained herein. It is your responsibility to seek independent assistance for legal, tax, financial and physical inspections. All information submitted is subject to errors, omissions, change of price/value, withdrawal and to any special listing conditions imposed by the principals.