3940 N Flagler Drive 303, West Palm Beach, FL 33407

MLS® ID: R11131275

Description

Immediate income, long-term upside! This waterfront condo delivers a 5% cap rate with strong tenants in place paying $6,500/month through the end of March 2026, offering dependable cash flow from day one! Located in one of West Palm Beach's most rapidly evolving neighborhoods, this income-producing, turnkey residence offers both short-term return and the opportunity to capitalize on a wave of redevelopment that's already reshaping the North Flagler corridor. The surrounding area is on the cusp of explosive transformation, and savvy investors are already taking notice. Florida's premier homebuilder, GL Homes, has acquired nearly 100 parcels immediately surrounding Flagler Landing with plans to develop a new enclave of single-family luxury homes, while a large-scale waterfront expansion project is planned the adjacent Safe Harbor Rybovich Marina featuring new residential towers, dining, and public boardwalks. Multiple high-rise condo projects by Related and other prominent developers have already been approved or are already under construction along North Flagler, confirming the area's trajectory as West Palm Beach's next major growth corridor. With this much capital flowing in, n