Subject-To
Creative Finance (Sub-To) · 3BR/2.0BA · West Palm Beach, FL
1515 N Flagler Dr, West Palm Beach, FL · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units3
Beds / baths3 / 2
Living area1,972 sqft
Lot0.22 acres
Year built2010
About this deal
Subject-to existing financing on a 3-bed, 2.0-bath single-family home in West Palm Beach, FL. Take over the existing mortgage payments and acquire the deed for $295,000. Seller is motivated; equity in the property from day one. Sub-to due diligence package available on request.
The numbers
- Cap rate
- 8%
- Net operating income
- $16,440/yr
- Cash flow
- +$1,370/mo
- Occupancy
- 2 of 3 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.