Note for sale
Mortgage Note Available · Single Family in West Palm Beach, FL
501 S Flagler Dr, West Palm Beach, FL · Listed Jan 2025
Property typeMultifamily
Units3
Beds / baths6 / 2.5
Living area1,933 sqft
Lot0.13 acres
Year built1971
About this deal
Performing mortgage note secured by a single-family home located at 501 S FLAGLER DR, West Palm Beach, FL. Face value $325,000. Note is current; borrower paying on time with a solid equity cushion. Ideal for note investors seeking passive income backed by real property collateral.
The numbers
- Cap rate
- 10.6%
- Net operating income
- $15,972/yr
- Cash flow
- +$1,331/mo
- Occupancy
- 2 of 3 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.
Who can make an offer
The seller only takes offers from buyers who meet these requirements.
- Expert credibility level or higher