10-Property Residential Income
New
For Sale
$1,520,000
2907 ASHLEY Drive W, West Palm Beach, FL 33415
Residential Income, West Palm Beach, FL
Property Size7,607 SF
Price / SF$199.82
Days on Market3
Property Features for 2907 ASHLEY Drive W
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM
Bedrooms
14
Full bathrooms
22
Half bathrooms
2
Rooms
Bathroom 12, Bathroom 7, Bedroom 5, Bedroom 13, Bathroom 22, Bathroom 1, Bathroom 16, Bedroom 12, Bathroom 10, Bathroom 5, Bedroom 14, Bedroom 11, Bathroom 8, Bathroom 14, Bedroom 7, Bedroom 8, Bedroom 2, Bathroom 9, Bathroom 4, Bedroom 4, Bedroom 9, Bathroom 15, Bedroom 3, Bathroom 20, Bathroom 2, Bathroom 19, Bathroom 23, Bedroom 1, Bathroom 24, Bathroom 11, Bathroom 18, Bedroom 6, Bathroom 3, Bathroom 13, Bedroom 10, Bathroom 6, Bathroom 21, Bathroom 17
Exterior features
Storage
Subdivision
Palm Beach County 55+ Assemblage
Standard status
Active
APN
00424413210050010
Size
7,607 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CRESTHAVEN VILLAS NO 7 CONDOMINIUM PARCEL A BLDG 5
Tax Annual Amount
20601
HOA Fee
$50,968 Annually
Legal Description
CRESTHAVEN VILLAS NO 7 CONDOMINIUM PARCEL A BLDG 5
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
screened porches
additional storage
in-unit laundry or free-standing laundry room
Building Details
Year built
1968
Floors in Building
2
Number of units
2
Flooring type
Engineered, Tile
Building materials
Block - Decorative
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Real - ativity
Listed By:
Elizabeth A Lewis · License #3256279
(561) 512-4682
Added: Oct 23
Last Checked: Oct 25 at 1:06AM
MLS# B26092035
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10-property residential portfolio comprises renovated homes in Palm Beach County 55+ communities. The unit mix includes two 2-bedroom/2-bathroom homes, two 2-bedroom/1-bathroom homes, one 1-bedroom/2-bathroom home and five 1-bedroom/1-bathroom homes. All are fully leased, and the portfolio is offered through a single LLC membership-interest transaction. The stated cap rate is 6.9%.
Each home has a screened porch and additional storage. Laundry is available either inside the home or in a separate laundry room within 50 feet. The properties are in villas or two-story condominium communities, and the master insurance policies are covered through community dues.
Each home has a screened porch and additional storage. Laundry is available either inside the home or in a separate laundry room within 50 feet. The properties are in villas or two-story condominium communities, and the master insurance policies are covered through community dues.
Key Highlights
- 10 properties offered through one LLC membership‑interest transaction
- 6.9% cap rate
- Unit mix: two 2‑bedroom/2‑bathroom, two 2‑bedroom/1‑bathroom, one 1‑bedroom/2‑bathroom and five 1‑bedroom/1‑bathroom homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,396
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,647,920
$2.6M
Cap Rate 7%
$1,891,371
$1.9M
Cap Rate 9%
$1,471,067
$1.5M
Market Conditions
NOI Build-Up for 7,607 SF
Gross rent
$252.9K $33.24/SF
− Vacancy
−$12.1K −$1.60/SF
EGI
$240.7K $31.64/SF
− OpEx
−$108.3K −$14.24/SF
NOI
$132.4K $17.40/SF
Area
West Palm Beach, FL
Vacancy
4.80%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,647,920
Cap Rate 7%
$1,891,371
Cap Rate 9%
$1,471,067
Alternative Uses
Best Use
Apartment 5plus
$1.89M
$1.65M – $2.21M
NOI $132,396 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.36M
$4.69M – $6.25M
NOI $375,009 @ 7.0% cap · market cap 24.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
Business Placement
Demographics for 33415, FL
51,251
Population
20,364
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
7.3 sq mi
ZIP Area
7,021
Density / Sq Mi
$57,199
Median Household Income
$35,146
Median Earnings
$1,597
Median Rent
$220,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated homes in 55+ communities are fully leased and include screened porches and laundry access.
Where is this residential income property located?
The property is located at 2907 ASHLEY Drive W West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,520,000.
What are key features of this property?
This property features: 10 properties offered through one LLC membership‑interest transaction; 6.9% cap rate; Unit mix: two 2‑bedroom/2‑bathroom, two 2‑bedroom/1‑bathroom, one 1‑bedroom/2‑bathroom and five 1‑bedroom/1‑bathroom homes
