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2490 Sunset Drive
About This Property
Step through the covered front entry into the welcoming foyer and front sitting room, where tile flooring extends throughout the home. The foyer flows seamlessly into an impressive formal dining room, featuring soaring ceilings, rustic exposed beams, and an a chandelier. To the left, you'll find an expansive living room filled with natural light, a spacious addition enhanced with crown molding and recessed lighting. On the right, the kitchen boasts stainless steel appliances and leads directly to the master suite, which includes a private entrance for added convenience. Beyond the dining room, a full bathroom is centrally located near two well-sized bedrooms, each with vaulted ceilings that add a sense of openness and charm.
The lot is fully fenced with a gated entrance and surrounded by beautiful mature trees that provide shade and privacy, including a mango tree. NO HOA! Bring your RV, boats, vehicles, motorcycles, and even equipment, perfect for investors, business owners, or anyone needing extra space. Located in a highly desirable area close to everything, just minutes from downtown West Palm Beach, Lake Worth, Palm Beach International Airport, and the beautiful South Florida beaches. Enjoy quick access to I-95, shopping centers, restaurants, hospitals, and entertainment.
Now is the perfect time to buy as land of this size and zoning in such a prime location is becoming harder to find. Whether you're looking to expand your investment portfolio, develop multifamily housing, or simply enjoy a large private property close to everything, this is a rare find with tremendous value and opportunity for growth. Don't miss your chance to own one of the largest and most versatile lots in the area!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Sierra Woods
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017