509 Lilac Ct ,Detached, Quadruplex, Palm Beach North for Sale

509 Lilac Ct for Sale

Price $2,100,000.00

• Lot size 6250
• Year Build 2022
• Waterfront
• Zip 33407
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

Lilac Village (505,509,512,515,519 Lilac Court)is a collection of five newly constructed single-family homes, located in the highly appreciating and growing market of West Palm Beach, Florida. The turn-key homes, built from 2021-2022, are being sold fully furnished. All of the homes are well appointed 3 bedroom/2 bathrooms currently operating successfully on Airbnb. Lilac Village is situated just south of the highly sought after Northwood Village and just north of the emerging Nora District, which is currently under construction, as well as only 1 mile from the vibrant Downtown area. This portfolio boasts a great opportunity to get into this desirable market with excellent and sustainable new product with zero deferred maintenance. *$3,400 Rent is Pro Forma as Annual Leases

5 newly constructed 3 bedroom 2 bathroom homes being sold fully furnished and turn key. The homes have been operating on airbnb successfully. As annual rentals the market rate for this new, turn key product should be $3,400 +/-. Addresses include 505,509,512,515, 519 Lilac Ct West Palm Beach, FL. SEE DOCUMENTS FOR OFFERING MEMORANDUM

P B NORTH RESUB OF BLKS 7 & 8 LT 16 BLK 10

1/4 To Less Than 1/2 Acre Lot

Lilac Village (505,509,512,515,519 Lilac Court)is a collection of five newly constructed single-family homes, located in the highly appreciating and growing market of West Palm Beach, Florida. The turn-key homes, built from 2021-2022, are being sold fully furnished. All of the homes are well appointed 3 bedroom/2 bathrooms currently operating successfully on Airbnb. Lilac Village is situated just south of the highly sought after Northwood Village and just north of the emerging Nora District, which is currently under construction, as well as only 1 mile from the vibrant Downtown area. This portfolio boasts a great opportunity to get into this desirable market with excellent and sustainable new product with zero deferred maintenance. *$3,400 Rent is Pro Forma as Annual Leases

City:West Palm Beach,Zoning:MF14 (ci,Cooling:1:Central Air,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Flooring:1:Vinyl,Latitude:26.7287978,Cooling Y N:1,Heating Y N:1,List Price:2100000,Listing Id:A11466108,Longitude:-80.0553723,Mls Status:Active,Year Built:2022,Postal Code:33407,Street Name:Lilac Ct,Coordinates:1:26.7287978,Photos Count:43,Building Name:PALM BEACH NORTH,Days On Market:40,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Palm Beach North,On Market Date:2023-10-09,Parcel Number:74434316180100160,Parking Total:10,Property Type:Residential Income,Stories Total:1,Street Number:509,M I A M I R E_ Style:Fourplex,Public Remarks:Lilac Village (505,509,512,515,519 Lilac Court)is a collection of five newly constructed single-family homes, located in the highly appreciating and growing market of West Palm Beach, Florida. The turn-key homes, built from 2021-2022, are being sold fully furnished. All of the homes are well appointed 3 bedroom/2 bathrooms currently operating successfully on Airbnb. Lilac Village is situated just south of the highly sought after Northwood Village and just north of the emerging Nora District, which is currently under construction, as well as only 1 mile from the vibrant Downtown area. This portfolio boasts a great opportunity to get into this desirable market with excellent and sustainable new product with zero deferred maintenance. *$3,400 Rent is Pro Forma as Annual Leases,Structure Type:1:Fourplex,County Or Parish:Palm Beach County,List Office Name:ONE Commercial LLC,Private Remarks:5 newly constructed 3 bedroom 2 bathroom homes being sold fully furnished and turn key. The homes have been operating on airbnb successfully. As annual rentals the market rate for this new, turn key product should be $3,400 +/-. Addresses include 505,509,512,515, 519 Lilac Ct West Palm Beach, FL. SEE DOCUMENTS FOR OFFERING MEMORANDUM,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:6420,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:PALM BEACH NORTH,Tax Annual Amount:24869,Unparsed Address:509 Lilac Ct, West Palm Beach FL 33407,Listing Agreement:Exclusive Agency,Year Built Details:New Construction,Building Area Total:6250,Building Area Units:Square Feet,New Construction Y N:1,Original List Price:2250000,Previous List Price:2250000,I D X Participation Y N:1,Number Of Units Total:5,Syndication Remarks:Lilac Village (505,509,512,515,519 Lilac Court)is a collection of five newly constructed single-family homes, located in the highly appreciating and growing market of West Palm Beach, Florida. The turn-key homes, built from 2021-2022, are being sold fully furnished. All of the homes are well appointed 3 bedroom/2 bathrooms currently operating successfully on Airbnb. Lilac Village is situated just south of the highly sought after Northwood Village and just north of the emerging Nora District, which is currently under construction, as well as only 1 mile from the vibrant Downtown area. This portfolio boasts a great opportunity to get into this desirable market with excellent and sustainable new product with zero deferred maintenance. *$3,400 Rent is Pro Forma as Annual Leases,Listing Contract Date:2023-10-09,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:Call Listing Agent,Street Number Numeric:509,Tax Legal Description:P B NORTH RESUB OF BLKS 7 & 8 LT 16 BLK 10,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:.5%,M I A M I R E_ Internet Remarks:5 newly constructed 3br/2ba homes being sold furnished. The homes have been operating on airbnb successfully.As annual the market rate is $3,400 +/-,Contract Status Change Date:2023-10-09,Internet Address Display Y N:1,Number Of Units In Community:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,