Active

226 - 218 NE 5th Terrace

Delray Beach FL, 33483

$2,700,000


$2,144.56 per sqft

Active

1,259 sqft

Multi-family

Built in 1961

Priced Below Market Value for Quick Close! Rare investment opportunity with two buildings on a double lot totaling 17,396 sq ft, featuring four income-generating units. Located in a prime area just 5 blocks north of Atlantic Ave and 2 blocks from Pineapple Grove in Del Ida Park Historic District--perfect for Airbnb or VRBO rentals. Includes eight parking spaces and a spacious courtyard for added value. Each home has split electric meters. High ROI potential in a high-demand rental area close to the Ocean and Avenue. A turnkey property ready to generate seasonal or annual rental income. Don't miss this opportunity!

(All future bookings can be transferred to new owner)

Units include renovated Kitchens & Bathrooms + washer/dryer. New HVAC Units as well!

F10471271

MLS ID

November 13, 2024

Listed

November 14, 2024

Updated

Map

226 - 218 NE 5th Terrace
Delray Beach FL, 33483

Interior Features

Total Stories

1


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s), Zoned


Heating

Yes


Heating Description

Other, Zoned

Exterior/Building Features

Exterior Features

Balcony, Enclosed Porch, Fence, Fruit Trees, Porch, Patio, Room For Pool


Lot Features

1/4 to 1/2 Acre Lot


Roof

Composition, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

4360


Taxes

$10,637


Tax Frequency

Annually


Days on Market

2


Association Fee Frequency

Monthly


Garage

No


Parking Total

8


View

No


County

Palm Beach


Water Source

Well


Pool

Yes


Pool Features

None

Listed by: Warehouse Realty
Listing Contact:  

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Data last updated 8:42 PM UTC, 11/14/2024

 

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