5458 Via Delray Boulevard, Delray Beach, FL 33484

$6,499,000
1,067
SqFt
List Price
$6,499,000
Days on Market
14
MLS#
RX-10642813
Status
CONTINGENT
Sq. Ft
1,067
Subtype
Triplex
County
Palm Beach
Community
Via Delray Condos
Subdivision
Via Delray Condos
Year Built
1973

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 u including repairing and replacing any appliances, and yearly increases in taxes and insurance. Please speak with listing agent regarding operating expenses and NOI.

Additional Information

Building No
Yes
Hoa
Yes
Total Unitsin Bldg
37
Construction
Block, CBS
Cooling
Central
Exterior Feature
Cabana
Flooring
Laminate, Tile
Heating
Central
Lot Description
3 to < 4 Acres, Paved Road, Public Road, Treed Lot, West of US-1
Restrict
None
Roof
Barrel
Taxes
$2,305
View
Garden, Other, Pond
Private Pool
Yes
Amenities
Pool
Waterfront
Pond
Total Unitsin Bldg
37
Roofing
Barrel
Utility
Public Sewer, Public Water
Lot Description
3 to < 4 Acres, Paved Road, Public Road, Treed Lot, West of US-1
Price Per Acre
265319604.0
Price Per Sqft
$6,090

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Florida Professional R.E..