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    2503 Oceanview Avenue E

    Delray Beach, FL 33444
    • $1,100,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: RX-10709512
    UPDATED: 62 min ago
    $1,100,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,610
      SQFT
    • $421
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    Description

    *DO NOT WALK PROPERTY WITHOUT PERMISSION FROM LISTING AGENT** A rare find opportunity to own a property with one single family home and a triplex on it! Located in East Delray Beach, Minutes to Atlantic Avenue, and the Beach! 1 stand-alone unit & 1 Triplex Total number of units - 4 1 Triplex - (3) 1 bedroom/ 1 bath units 1 stand-alone unit - 2 Bedroom/1 bath Parking on site Each unit in the Triplex is 600 SqFt The stand-alone unit is 810 SqFt Currently all units are vacant, and owner is in the process of renovating the property new roof installed, Impact windows, doors, updated electrical, and plumbing. Great opportunity for new owner to complete project with preferred details of the interior. Property once complete will easily be a 7% plus cap rate income potential.

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    www.palmbeachcountyhomesearch.com/homes/116286527
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    2503 Oceanview Avenue E Delray Beach, FL 33444

    • Price: $1,100,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: RX-10709512
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    2,610
    SQFT
    $421
    $/SQFT
    1961
    Built
    Neighborhood:
    None
    County:
    Palm Beach
    Area:
    Delray Beach
    Property Description
    *DO NOT WALK PROPERTY WITHOUT PERMISSION FROM LISTING AGENT** A rare find opportunity to own a property with one single family home and a triplex on it! Located in East Delray Beach, Minutes to Atlantic Avenue, and the Beach! 1 stand-alone unit & 1 Triplex Total number of units - 4 1 Triplex - (3) 1 bedroom/ 1 bath units 1 stand-alone unit - 2 Bedroom/1 bath Parking on site Each unit in the Triplex is 600 SqFt The stand-alone unit is 810 SqFt Currently all units are vacant, and owner is in the process of renovating the property new roof installed, Impact windows, doors, updated electrical, and plumbing. Great opportunity for new owner to complete project with preferred details of the interior. Property once complete will easily be a 7% plus cap rate income potential.
    Exterior Features

    Carport Spaces 8.00 Construction Concrete Exterior Features Auto SprinklerNoneRoom For Pool Lot Description < 1/4 Acre Private Pool YN No Roof Other Unit1 Parking NoneSpace Parking Unit2 Parking Open ParkingSpace Parking Unit3 Parking Open ParkingSpace Parking Unit4 Parking Open ParkingSpace Parking View Other Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Central Individual Flooring Concrete Heating Central Individual Unit1 Bedrooms 1 Unit1 Desc A/C UnitDisposalElectric MeterKitchen Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 600 Unit2 Bedrooms 1 Unit2 Desc A/C UnitElectric Meter Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 600 Unit3 Bedrooms 1 Unit3 Desc A/C UnitMicrowaveRange - ElectricRefrigerator Unit3 Full Baths 1 Unit3 Sq Ft 600 Unit4 Bedrooms 2 Unit4 Desc A/C UnitRange - ElectricRefrigeratorUtility Unit4 Full Baths 1 Unit4 Sq Ft 810 Window Treatments Impact Glass

    Property Features

    Annual Net Operating Income 60300.00 Annual Total Expenses 10500.00 Available Info Equipment ListInvestment Analysis Built Desc Under Construction Gross Operating Income 70800.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes NoneOther Multifamily Type Quad Plex Possession FundingNegotiable REO No Restrictions Buyer Approval Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Other Special Assessment No Special Info Sold As-Is Sq Ft Total 2654.00 Subdivision Amenities None Tax Amount 7742.32 Tax Year 2020 Taxes Other Exemption Tenant Pays CableElectricSewerSewerWater Terms Considered CashConventionalOther Unit1 Monthly Income 1300.00 Unit2 Monthly Income 1300.00 Unit3 Monthly Income 1300.00 Unit4 Monthly Income 2000.00 Utilities ElectricPublic SewerPublic Water Zoning Rm(Cit

    Listing provided courtesy of United Realty Group Inc. Listing information © 2021 BeachesMLS
     
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