The Villas at Emerald Dunes 10 Condominium Units Emerald Dunes Dr. West Palm Beach, FL 33411
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1 The Villas at Emerald Dunes 10 Condominium Units 6495 Emerald Dunes Dr. West Palm Beach, FL 33411
2 The Offering Purchase Price: $1,850,000 Price Per Unit: $185,000 Price PSF: $ Monthly Income: $16,615 Monthly Expenses: 7, Cap Rate: 5% No. of Units: 10 Unit Types: 2B/2B & 3B/2B Parking: Mix of Carports & Uncovered Livable Sq. Ft.: 12,290 Year Built: 2006 Pending FHA Approval!!!
3 The Property Welcome to The Villas at Emerald Dunes. A Gated Luxury Condominium Community in a fantastic West Palm Beach location. Right off of the Florida Turnpike, and just a short drive to Downtown West Palm Beach, The Palm Beach International Airport, The Wellington Mall, The International Polo Club of Palm Beach, World Famous Beaches, The Palm Beach Outlets, and other attractions. Resort-Style Living in Paradise! Amenities include: Recreational Features 2 magnificent clubhouses totaling 9,500 SF Spacious media room with surround sound H.D.T.V. 2 state-of-the-art 24/7 fitness centers 2 heated whirlpool spas Business center/conference / library rooms Residents party room with kitchen Card/game/billiard rooms Yoga/stretching/aerobics room Lighted tennis court and putting green Fully gated, fenced private setting Controlled access gates with intercom to each unit Impeccably landscaped grounds Auto wash area Pet stations Secluded meditation gardens with waterfalls Utilities: municipal water / sewer
4 Site Plan
5 Area Map
6 The Units Residential Features Superior CBS construction Hurricane resistant windows & sliding glass doors High ceilings and crown moldings in living, dining rooms and kitchens Tile flooring throughout except for bedrooms Upgraded carpet in bedrooms Master bedrooms with spacious walk-in closets Contemporary lighting/ceiling fans/window treatments Pantries and linen closets Separate laundry rooms with full size washer & dryer High efficiency, energy saving A.C. & hot water heater Uncovered spaces & carports Large covered patios/screened first floor State-of-the-art HDTV satellite/cable ready High speed internet access Satellite TV with up to 180 channels Alarm systems European-style cabinetry Granite countertops & back splash G.E. stainless steel appliances G.E. radiant cook top oven and built-in microwave
7 The Units Cont.
8 Floor Plans
9 Floor Plans Cont.
10 Units (PCN # s) PCN # Unit Type B/B Parking SF Emerald Dunes Drive #301 Cypress 3B/2B C-158 / U Emerald Dunes Drive #304 Cypress 3B/2B C-175 / U Emerald Dunes Drive #201 Cypress 3B/2B C-129 / U Emerald Dunes Drive #204 Cypress 3B/2B C-151 / U Emerald Dunes Drive #304 Cypress 3B/2B U Emerald Dunes Drive #207 Sycamore 2B/2B C Emerald Dunes Drive #208 Sycamore 2B/2B U Emerald Dunes Drive #302 Sycamore 2B/2B C-191 / U Emerald Dunes Drive #306 Sycamore 2B/2B C-185 / U Emerald Dunes Drive #307 Sycamore 2B/2B C-184
11 Rent Roll Unit Type B/B Parking SF Market Rent Actual Rent Security Lease Begin Lease Exp Emerald Dunes Drive #301 Cypress 3B/2B C-158 / U- 325 $1,650 $1,770 $1,770 6/27/2018 6/30/ Emerald Dunes Drive #304 Cypress 3B/2B C-175 / U- 364 $1,650 $1,770 $1,770 8/1/2018 7/31/ Emerald Dunes Drive #201 Cypress 3B/2B 6565 Emerald Dunes Drive #204 Cypress 3B/2B C-129 / U- 342 C-151 / U- 349 $1,650 $1,725 $2,200 4/1/2018 3/31/2019 $1,650 $1,720 $2,505 9/1/2018 8/31/ Emerald Dunes Drive #304 Cypress 3B/2B U-348 $1,650 $1,735 $2,438 7/1/2018 6/30/ Emerald Dunes Drive #207 Sycamore 2B/2B C Emerald Dunes Drive #208 Sycamore 2B/2B U-398 $1,500 $1,600 $1,600 Pending Pending $1,500 $1,600 $1,525 1/1/ /31/ Emerald Dunes Drive #302 Sycamore 2B/2B C-191 / U- 400 $1,500 $1,575 $1,300 9/1/2018 8/31/ Emerald Dunes Drive #306 Sycamore 2B/2B C-185 / U- 379 $1,500 $1,560 $3,120 4/10/2018 4/30/ Emerald Dunes Drive #307 Sycamore 2B/2B C-184 $1,500 $1,560 $2,340 6/12/2018 6/30/2019
12 Annual Income/Expenses Income/Expense Total Income (actual): Vacancy Loss (3%): Expenses: $199,380 ($9,969) Association Fees ($325/unit) $43,786 Repairs & Maintenance (estimate) $12,000 Utilities Tenants Pay Real Estate Taxes (actual) $23,760 Insurance (estimate) $15,000 NOI $94,864.20
13 The Villas at Emerald Dunes Presented By: Joe Morello, Associate Live Rite Realty Management, LLC License: FL - SL Office: Cell: Jmorello.sfg@gmail.com Fax:
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