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    5458 Via Delray Boulevard

    Delray Beach, FL 33484
    • $6,499,000
    • STATUS: Active Under Contract
    • ON SITE: 118 days
    • MLS #: RX-10642813
    Under Contract
    UPDATED: 36 min ago
    $6,499,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,067
      SQFT
    • $6,091
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:
    Area:

    School Ratings & Info

    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'sFour 1485 s/f 2/2'sOne 1963 s/f 3/2Each 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 uincluding repairing and replacing any appliances, and yearly increases in taxes and insurance. Please speak with listing agent regarding operating expenses and NOI.

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    www.bettersouthfloridahomes.com/homes/108373754
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    5458 Via Delray Boulevard Delray Beach, FL 33484

    • Price: $6,499,000
    • Status: Active Under Contract
    • Updated: 36 min ago
    • MLS #: RX-10642813
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,067
    SQFT
    $6,091
    $/SQFT
    1973
    Built
    Neighborhood:
    Via Delray Condos
    County:
    Palm Beach
    Area:
    Delray Beach
    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'sFour 1485 s/f 2/2'sOne 1963 s/f 3/2Each 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 uincluding repairing and replacing any appliances, and yearly increases in taxes and insurance. Please speak with listing agent regarding operating expenses and NOI.
    Exterior Features

    Carport Spaces 0.00 Construction BlockCbs Exterior Features Cabana Lot Description 3 To < 4 AcresPaved RoadPublic RoadTreed LotWest Of Us-1 Private Pool YN Yes Roof Barrel Unit1 Parking Open Parking Unit2 Parking Open Parking View GardenOtherPond Waterfront Description Pond Waterfront YN Yes

    Interior Features

    Cooling Central Flooring LaminateTile Heating Central Unit1 Bedrooms 2 Unit1 Desc A/C UnitRange - ElectricRefrigerator Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 1200 Unit2 Desc A/C UnitRange - ElectricRefrigerator Unit2 Full Baths 2 Unit2 Furnished No Unit2 Half Baths 2 Unit2 Sq Ft 1485 Unit3 Bedrooms 3 Unit3 Full Baths 2 Unit3 Sq Ft 1963 Unit4 Sq Ft 0

    Property Features

    Annual Net Operating Income 0.00 Annual Total Expenses 0.00 Application Fee 0.00 Available Info AccountingLeases Built Desc Resale Contingent Contingent Contingents Other Development Name Via Delray Gross Operating Income 59328.00 Hoa Fee Per Month 0.00 Homeowners Association Mandatory List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Triplex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses OtherOwner Special Assessment No Sq Ft Total 1067.00 Subdivision Amenities Pool Tax Amount 2305.75 Tax Year 2019 Taxes County Only Tenant Pays CableElectricRepairsSewerWater Terms Considered Cash Unit1 Monthly Income 0.00 Unit2 Monthly Income 0.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities Public SewerPublic Water Zoning Pud

    Listing provided courtesy of Florida Professional R.E.. Listing information © 2020 BeachesMLS
     
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