5458 Via Delray Boulevard, Delray Beach, FL 33484
$6,400,000
Property Type:
Residential Income
Square Footage:
1,067
Status:
Closed
Current Price:
$6,400,000
Last Modified:
3/11/2021
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's
Four 1485 s/f 2/2's
One 1963 s/f 3/2
Each 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
Supplements: including repairing and replacing any appliances, and yearly increases in taxes and insurance. Please speak with listing agent regarding operating expenses and NOI.
More Information MLS# RX-10642813
Contract Information
Auction: No
List Price/SqFt: 6090.9
Listing Date: 2020-07-27
Status: Closed
Original List Price: 6499000
Sold Price: $6,400,000
Current Price: $6,400,000
General Property Description
Total # of Units: 37
Property Condition: Resale
Number of Stories: 2
SqFt - Total: 1067
Waterfront: Yes
SqFt Source: Tax Rolls
Gated Community: No
Development Name: Via Delray
Homeowners Assoc: Mandatory
Pets on Premises: No
HOA/POA/COA (Monthly): 0
Application Fee: 0
Directions: West of Military trail between Woolbright and Atlantic
Private Pool: Yes
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Type: Triplex
Year Built: 1973
SqFt - Living: 1067
Subdivision: VIA DELRAY CONDOS
Location, Tax & Legal
Geo Area: PB09
State/Province: FL
HOPA: No Hopa
Short Sale: No
Tax Year: 2019
Zoning: PUD
Short Sale A/U: N/A
Short Sale Addendum: No
Taxes: 2305.75
Special Assessment: No
REO: No
Area: 4630
County: Palm Beach
Parcel ID: 00424611270011060
Street #: 5458
Street Name: Via Delray
Street Suffix: Boulevard
Zip Code: 33484
Legal Desc: VIA DELRAY CONDOS UNIT 106 BLDG A
Geo Lat: 26.475193
Geo Lon: -80.129824
Office/Member Info
DXORIGMLNO: RX-10642813
DXORIGMLSID: RML
Status Change Info
Terms of Sale: Other
Sold Price/SqFt: 5998.12
Under Contract Date: 2020-08-07
Sold Date: 2021-03-11
Sold Price: $6,400,000
Unit 1 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 1200
Monthly Income: 0
Unit 2 Info
Full Bath: 2
Half Bath: 2
Furnished: No
SqFt: 1485
Monthly Income: 0
Unit 3 Info
Bedrooms: 3
Full Bath: 2
SqFt: 1963
Monthly Income: 0
Unit 4 Info
Monthly Income: 0
Income & Expenses
Gross Operating Inc: 59328
Source of Expenses
Owner: 1
Other: 1
Avail Info
Accounting: 1
Leases: 1
Construction
Block: 1
CBS: 1
View
Garden: 1
Pond: 1
Other: 1
Waterfront Details
Pond: 1
Lot Description
West of US-1: 1
3 to < 4 Acres: 1
Paved Road: 1
Public Road: 1
Treed Lot: 1
Cooling
Central: 1
Unit 1 Desc
A/C Unit: 1
Range - Electric: 1
Refrigerator: 1
Heating
Central: 1
Tenant Pays
Cable: 1
Electric: 1
Repairs: 1
Sewer: 1
Water: 1
Exterior Features
Cabana: 1
Unit 1 Parking
Open Parking: 1
Unit 2 Desc
A/C Unit: 1
Range - Electric: 1
Refrigerator: 1
Flooring
Laminate: 1
Tile: 1
Unit 2 Parking
Open Parking: 1
Utilities
Public Sewer: 1
Public Water: 1
Restrict
None: 1
Roof
Barrel: 1
Subdiv. Amenities
Pool: 1
Terms Considered
Cash: 1
Possession
At Closing: 1
Storm Protection
Panel Shutters: Partial
Taxes
County Only: 1
Contingencies
Other: 1
Property Features
Source of Expenses: Owner; Other
Construction: Block; CBS
Waterfront Details: Pond
View: Garden; Pond; Other
Unit 1 Desc: A/C Unit; Range - Electric; Refrigerator
Unit 1 Parking: Open Parking
Unit 2 Desc: A/C Unit; Range - Electric; Refrigerator
Unit 2 Parking: Open Parking
Lot Description: West of US-1; 3 to < 4 Acres; Paved Road; Public Road; Treed Lot
Exterior Features: Cabana
Tenant Pays: Cable; Electric; Repairs; Sewer; Sewer; Water
Restrict: None
Flooring: Tile; Laminate
Cooling: Central
Heating: Central
Roof: Barrel
Terms Considered: Cash
Utilities: Public Sewer; Public Water
Taxes: County Only
Avail Info: Accounting; Leases
Possession: At Closing
Contingencies: Other
Listing Office:
Florida Professional R.E.
Last Updated: March - 11 - 2021
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