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    161 SE 5th Avenue

    Delray Beach, FL 33483
    • $1,150,000
    • STATUS: Active
    • ON SITE: 8 days
    • MLS #: RX-10683385
    UPDATED: 42 min ago
    $1,150,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,530
      SQFT
    • $254
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Description

    Prime real estate opportunity right in downtown Delray Beach and Atlantic Ave. Located directly on Federal Highway across from new 2 new hotels, retail, apartments, and iPic Movie Theater! Only 1 & 1/2 blocks from famous Atlantic Avenue! One story building, 4 units in total. The total monthly gross income is $5,300/mo. Already partially updated. Beautiful courtyard next to the building! Plenty of parking in front and rear, coin-operated laundry on site. Back alley for parking, and trash. One water meter for the entire building. Can be sold together or separate from building next door, 173 SE 5th Ave (5 units). In the heart of the new development area, Best Zoning CBD allows Hotels, Apts, Condo & Retail. Don't miss out on this rare opportunity to own a piece of Downtown Delray Beach.

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    www.castellihomes.com/homes/113147559
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    161 SE 5th Avenue Delray Beach, FL 33483

    • Price: $1,150,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: RX-10683385
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    4,530
    SQFT
    $254
    $/SQFT
    1955
    Built
    Neighborhood:
    Delray Town Of
    County:
    Palm Beach
    Area:
    Delray Beach
    Property Description
    Prime real estate opportunity right in downtown Delray Beach and Atlantic Ave. Located directly on Federal Highway across from new 2 new hotels, retail, apartments, and iPic Movie Theater! Only 1 & 1/2 blocks from famous Atlantic Avenue! One story building, 4 units in total. The total monthly gross income is $5,300/mo. Already partially updated. Beautiful courtyard next to the building! Plenty of parking in front and rear, coin-operated laundry on site. Back alley for parking, and trash. One water meter for the entire building. Can be sold together or separate from building next door, 173 SE 5th Ave (5 units). In the heart of the new development area, Best Zoning CBD allows Hotels, Apts, Condo & Retail. Don't miss out on this rare opportunity to own a piece of Downtown Delray Beach.
    Exterior Features

    Carport Spaces 8.00 Construction Cbs Exterior Features FenceOpen PatioOpen Porch Lot Description < 1/4 Acre1/4 To 1/2 Acre Lot Dimensions 60 X 125 Private Pool YN No Roof Concrete Tile Unit1 Parking Open ParkingSpace Parking Unit2 Parking Space Parking Unit3 Parking Space Parking Unit4 Parking Space Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Wall-Win A/C Flooring Ceramic TileTerrazzo Floor Heating Window/Wall Unit1 Bedrooms 1 Unit1 Desc A/C UnitKitchenMicrowaveRange - ElectricRefrigerator Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 472 Unit2 Desc A/C UnitKitchenMicrowaveRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Info Efficiency Unit2 Sq Ft 400 Unit3 Desc A/C UnitKitchenRange - ElectricRefrigerator Unit3 Furnished No Unit3 Info Efficiency Unit3 Sq Ft 400 Unit4 Desc A/C UnitDishwasherDisposalElectric MeterMicrowaveRange - ElectricRefrigerator Unit4 Furnished No Unit4 Info Efficiency Unit4 Sq Ft 400

    Property Features

    Annual Net Operating Income 40886.00 Annual Total Expenses 22714.00 Available Info Deposit Last MonthDeposit SecurityLeases Built Desc Resale Gross Operating Income 63600.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession At ClosingFunding REO No Restrictions Other Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Books Sq Ft Total 4834.00 Subdivision Amenities Common LaundryPicnic AreaSidewalks Tax Amount 17000.00 Tax Year 2020 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 1400.00 Unit2 Monthly Income 1200.00 Unit3 Monthly Income 1200.00 Unit4 Monthly Income 1200.00 Utilities CableElectricPublic SewerPublic Water Zoning Cbd(Ci

    Listing provided courtesy of Posh Properties. Listing information © 2021 BeachesMLS
     
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