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