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    214 SE 4th Avenue

    Delray Beach, FL 33483
    • $1,800,000
    • STATUS: Active
    • ON SITE: 145 days
    • MLS #: RX-10650763
    $1,800,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,868
      SQFT
    • $964
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    Gross Boutique 4-Unit Investment Property w/pool. Lucrative margins!!! 2 blocks off the Ave. wLuxury, furnished and fully appointed Villas...operated as short-term, furnished for exec/corp or vacation rentals. NOI >$176K/year with only online short term ''AirBnB'' listings. Upside opportunity via marketing/advertising or prof management. [$120K/year NOI based on ANNUAL RENT]. Huge demand for furn mo-to-mo.Turnkey, including relationships with maintenance services (cleaning, pool, lawn).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 also f

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    www.castellihomes.com/homes/109504976
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    214 SE 4th Avenue Delray Beach, FL 33483

    • Price: $1,800,000
    • Status: Active
    • MLS #: RX-10650763
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,868
    SQFT
    $964
    $/SQFT
    1947
    Built
    Neighborhood:
    Linns
    County:
    Palm Beach
    Area:
    Delray Beach
    Property Description
    Gross Boutique 4-Unit Investment Property w/pool. Lucrative margins!!! 2 blocks off the Ave. wLuxury, furnished and fully appointed Villas...operated as short-term, furnished for exec/corp or vacation rentals. NOI >$176K/year with only online short term ''AirBnB'' listings. Upside opportunity via marketing/advertising or prof management. [$120K/year NOI based on ANNUAL RENT]. Huge demand for furn mo-to-mo.Turnkey, including relationships with maintenance services (cleaning, pool, lawn).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 also f
    Exterior Features

    Carport Spaces 0.00 Construction CbsStucco Exterior Features Auto SprinklerCustom LightingZoned SprinklerFenceDeck Lot Description < 1/4 AcreTreed LotSidewalks Private Pool Description Equipment IncludedAuto ChlorinatorSalt ChlorinationIngroundHeatedGunite Private Pool YN Yes Roof Tar/Gravel Unit1 Parking Space Parking Unit2 Parking Space Parking Unit3 Parking Space Parking Unit4 Parking Space Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Central Individual Flooring Ceramic Tile Heating Central Individual Unit1 Bedrooms 1 Unit1 Desc Range - ElectricPatioKitchenWindow CoverWalk-In ClosetsLaundryElectric MeterA/C UnitSmoke DetectorMicrowaveDishwasherDisposalDryerWasherRefrigerator Unit1 Full Baths 1 Unit1 Furnished Yes Unit1 Sq Ft 556 Unit2 Bedrooms 1 Unit2 Desc Range - ElectricPatioKitchenWindow CoverLaundryElectric MeterA/C UnitSmoke DetectorMicrowaveDishwasherDisposalWasherRefrigerator Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 556 Unit3 Bedrooms 1 Unit3 Desc Range - ElectricPatioWindow CoverLaundryElectric MeterA/C UnitSmoke DetectorDishwasherDisposalDryerWasherRefrigerator Unit3 Furnished Yes Unit3 Info Efficiency Unit3 Sq Ft 378 Unit4 Bedrooms 1 Unit4 Desc A/C UnitPatioWindow CoverWasherSmoke DetectorRefrigeratorRange - ElectricMicrowaveKitchenElectric MeterDisposalDishwasher Unit4 Furnished Yes Unit4 Info Efficiency Unit4 Sq Ft 378 Window Treatments Drapes

    Property Features

    Ada Compliant Handicap Access Annual Net Operating Income 112090.00 Annual Total Expenses 43304.00 Available Info LeasesInvestment AnalysisAccountingInventory Built Desc Resale Gross Operating Income 155394.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses AccountantOwnerBooks Special Info Corporate Owned Sq Ft Total 1970.00 Subdivision Amenities Common LaundryStreet LightsPool Tax Amount 9645.40 Tax Year 2020 Taxes City/County Tenant Pays ElectricCableSewerWater Terms Considered CashExchangeConventional Unit1 Monthly Income 2300.00 Unit2 Monthly Income 2200.00 Unit3 Monthly Income 1900.00 Unit4 Monthly Income 1900.00 Utilities ElectricPublic WaterNo TelephoneCable Zoning R-1-A(

    Listing provided courtesy of Illustrated Properties. Listing information © 2021 BeachesMLS
     
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    Castelli Real Estate Services
    2227 Wilton Drive
    Fort Lauderdale FL, 33305