Apartments Island Club Two Condo

$ 275,000
  • 2 bed
  • 1.5 bath
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Details
    • Listed on:
      February 27, 2025
    • Days on Market:
      350
    • Maintenance:
      n/a
    • Taxes:
      $ 4,438 per year
    • Year:
      1972
    • Furniture:
      Unfurnished,Furniture Negotiable
    • Floor Description:
      Tile
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      Intracoastal View
    • Parking:
      -
  • Interior Features:
    • First Floor Entry
    • Split Bedroom
    • Walk-In Closet(s)
  • Exterior Features:
    • Open Balcony
  • Legal Description:
    200 east palmetto park condo unit ph -1
Description
INCOME-PRODUCING INVESTMENT OPPORTUNITY — Currently rented through December 2026, providing immediate and stable cash flow. **40-Year Certification completed** new impact windows and doors installed, offering long-term value and reduced capital expense. Located in a secure, gated community with 24/7 security, this property delivers both peace of mind and consistent tenant demand. The unit features new shaker-style kitchen cabinets and a new guest bath vanity, along with a bright split-bedroom floor plan filled with natural light. The primary suite includes a spacious walk-in closet and full bath, while guests enjoy the convenience of a half bath. Community laundry rooms on each floor and a private storage locker on the same floor as the unit add everyday functionality. Residents enjoy resort-style amenities including two pools, BBQ area, sauna, fitness center, and putting green. Ideally located with quick access to the beach, Atlantic Blvd, Starbucks, shopping, and dining. Assigned parking space #192 is conveniently located at the lobby entrance.
Current tenant paying $1,800/month, making this a solid opportunity to generate revenue immediately. Seller is motivated and reducing his portfolio—an excellent time to acquire a performing asset with upside potential.
Map view