$6,499,000
Delray Beach, FL 33484
MLS# RX-10642813
Status: Closed
1067 sqft
1 / 43
Property Description
Amazing opportunity to own a 37 unit condominium complex with a 7.9% cap rate. This mint condition beautifully landscaped property sits on 3 acres in unincorporated Palm Beach County near Delray Beach area and includes a pool, tranquil pond, 2 gazebos and plenty of parking. The property was built in 1973 and consists of three buildings that include: Thirty two 1200 s/f 2/2's Four 1485 s/f 2/2's One 1963 s/f 3/2 Each unit includes granite counter tops, stainless steel appliances, private washer and dryer, private balconies, tile and laminate flooring. There is only one tenant who has a master lease for the next five years. Gross monthly revenue of $59,328 & has a 0% vacancy rate. Owner responsible to pay taxes, insurance and common area. Tenant responsible for everything inside of u
Details
Contract Information
Listing Date: 2020-07-27
Status: Closed
Original List Price: 6499000
Auction: No
Sold Price: $6,400,000
Current Price: $6,400,000
List Price/SqFt: 6090.9
General Property Description
Type: Triplex
Total # of Units: 37
Property Condition: Resale
Year Built: 1973
Number of Stories: 2
SqFt - Total: 1067
SqFt - Living: 1067
SqFt Source: Tax Rolls
Gated Community: No
Homeowners Assoc: Mandatory
Directions: West of Military trail between Woolbright and Atlantic
Subdivision: VIA DELRAY CONDOS
Development Name: Via Delray
Waterfront: Yes
Private Pool: Yes
Pets on Premises: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location Tax Legal
Area: 4630
County: Palm Beach
Parcel ID: 00424611270011060
Street #: 5458
Street Name: Via Delray
Street Suffix: Boulevard
Zip Code: 33484
Legal Desc: VIA DELRAY CONDOS UNIT 106 BLDG A
Geo Lat: 26.475193
Geo Lon: -80.129824
Status Change Info
Under Contract Date: 2020-08-07
Sold Date: 2021-03-11
Sold Price: $6,400,000
Terms of Sale: Other
Sold Price/SqFt: 5998.12
Unit 1 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 1200
Unit 2 Info
Full Bath: 2
Half Bath: 2
Furnished: No
SqFt: 1485
Unit 3 Info
Bedrooms: 3
Full Bath: 2
SqFt: 1963
Storm Protection
Panel Shutters: Partial
Property Features
Source of Expenses: Owner; Other
Construction: Block; CBS
Waterfront Details: Pond
View: Garden; Pond; Other
Unit 1 Desc: A/C Unit; Range - Electric; Refrigerator
Unit 1 Parking: Open Parking
Unit 2 Desc: A/C Unit; Range - Electric; Refrigerator
Unit 2 Parking: Open Parking
Lot Description: West of US-1; 3 to < 4 Acres; Paved Road; Public Road; Treed Lot
Exterior Features: Cabana
Tenant Pays: Cable; Electric; Repairs; Sewer; Sewer; Water
Restrict: None
Flooring: Tile; Laminate
Cooling: Central
Heating: Central
Roof: Barrel
Terms Considered: Cash
Utilities: Public Sewer; Public Water
Taxes: County Only
Avail Info: Accounting; Leases
Possession: At Closing
Contingencies: Other
Supplements
including repairing and replacing any appliances, and yearly increases in taxes and insurance. Please speak with listing agent regarding operating expenses and NOI.
Listing Office: Florida Professional R.E.
Last Updated: March - 11 - 2021
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