Active

$395,000

Features:
  • 3 Bedrooms
  • 3 Bathrooms
  • 1685 sq ft
Overview
  • ID: MFRTB8342687
  • Bedrooms: 3
  • Bathrooms: 3
  • Size: 1685 sq ft
Property Details
Remarks
Prime Turnkey Investment: Positive Cash Flow Townhome with Newly Renewed Long-Term Lease! Secure instant monthly income with this exceptional 3-bedroom, 2.5-bathroom townhouse in the highly sought-after Westlake Village of Palm Harbor. This is a rare, high-yield opportunity for the savvy investor looking for a "hands-off" addition to their portfolio. The Financial Advantage: Locked-In Revenue: Lease just renewed through January 31st, 2027 with a sizable rental increase, significantly boosting your positive cash flow. Stable Tenants: Occupied by excellent, long-term tenants with prior HOA Board approval. Worry-Free Maintenance: Includes a Broward Factory Service (BFS) Gold Plan through June 2026. This covers repair or replacement for HVAC, water heater, and major appliances—tenants deal directly with BFS! Solid HOA: Healthy 2025 financials with solid reserves. Monthly fees cover almost everything: exterior insurance, roof maintenance/replacement, water, sewer, trash, and grounds care. Property Highlights Location & Safety: Situated in Flood Zone X—stayed high and dry during recent storms. Interior Features: Modern luxury vinyl flooring (2020) and an updated second bathroom (2020). The layout features a "Zen-like" gated courtyard entry and a spacious primary suite with a private enclosed patio (2018) overlooking a serene pond. Serene Views: Enjoy peaceful pond views from the living area, dining room, and primary bedroom. Community Amenities: Just a short walk to the community pool. Westlake Village Park offers a playground, tennis courts, and walking paths. Key Details - Floorplan: 2-Story | 3 BR / 2.5 BA / 2 Car HOA Includes: Exterior Insurance, Roof, Paint, Water, Sewer, Trash, Reserves and Grounds Maintenance. Sale Terms: Sold "As-Is" for seller convenience. Showing: By appointment only. Minimum 24-hour notice.
Financial Considerations
Price:
$395,000
HOA Fee:
700
Tax Amount:
$5118.29
Price per SqFt:
$234.42
Tax Legal Description:
TOWNHOMES OF WESTLAKE VILLAGE CONDO PHASE B BLDG 3, UNIT 33
Exterior Features
Lot Size:
0
Lot Features:
N/A
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Garage Door Opener, Workshop in Garage
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
3
Heating:
Electric, Heat Pump
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Carpet, Luxury Vinyl, Tile
Levels:
Two
Additional Features
Property Sub Type:
Townhouse
Style:
N/A
Year Built:
1980
Construction Type:
Block, Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Rain Gutters, Sliding Doors
Additional Features 2:
Existing Florida standard lease 2/1/2025 thru 1/31/2026. Written Board approval of existing long term tenants.
Map
  • Address
    440 LAKEVIEW DR #33
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