Bought with Illustrated Properties
$1,500,000
$1,749,000
14.2%For more information regarding the value of a property, please contact us for a free consultation.
214 SE 4th AVE Delray Beach, FL 33483
4 Beds
2 Baths
1,868 SqFt
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,868 sqft
Price per Sqft $802
Subdivision Linns
MLS Listing ID RX-10650763
Sold Date 04/01/21
Bedrooms 4
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1947
Annual Tax Amount $9,645
Tax Year 2020
Lot Size 6,626 Sqft
Property Description
One of a kind CASH COW, two blocks off ''the Ave'' GUT RENO/4-Unit Investment Prop w/heated pool. All new renovation to the core. Lucrative margins!!! Lux, furnished turnkey Villas...operated as exec or vacation rental. Always full. 5-Star Reviews. ''Melrose Place'' compound w/many repeat guests.NOI >$176K/year in 2020 when 1/2 year was closed to Covid!!! NOI would be double. 9.55% Cap Rate. Can build up- double sq feet- 2nd story.Owner does NOT need to sell, but considering larger project.Before-and-After Reno photos provided upon request & all building plans, books, reviews (4.9), occupancy reports, etc.311 SE 3rd Ave Duplex income producing a few doors down also available, also cash cow and fully renovated.
Location
State FL
County Palm Beach
Area 4370
Zoning R-1-A(
Interior
Heating Central Individual
Cooling Central Individual
Flooring Ceramic Tile
Exterior
Exterior Feature Auto Sprinkler, Custom Lighting, Deck, Fence, Zoned Sprinkler
Pool Auto Chlorinator, Equipment Included, Gunite, Heated, Inground, Salt Chlorination
Community Features Corporate Owned
Utilities Available Cable, Electric, No Telephone, Public Water
Amenities Available Common Laundry, Pool, Street Lights
Waterfront Description None
Roof Type Tar/Gravel
Present Use Corporate Owned
Private Pool Yes
Building
Lot Description < 1/4 Acre, Sidewalks, Treed Lot
Story 1.0
Foundation CBS, Stucco
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
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