Property Description
INVESTMENT OPPORTUNITY! *Please do not disturb tenants* Rare opportunity to own an investment property in the sought after waterfront community of Tropic Isle located EAST of Federal Hwy, just steps to the beach. Property features two fully renovated units and a bonus unfinished third standalone unit. Each unit can rent for $2500 and up. Most recent duplex rentals on the same street rented for $3500 per unit. Plenty of parking – room for 10 cars. Lot is oversized and meticulously maintained – room for additions and/or a pool. With finished 3rd unit efficiency, projected rentals estimate 7% Cap Rate! Roof is 9 years and no issues on recent inspection. Use code 0800-Multifamily <10 units
Basic Details
Status : Closed
Listing Type : For Sale
Property Type : Residential Income
Listing ID : RX-10770644
Price : $925,000
Property Sub Type : Duplex
Property Title : Residential Income For Sale
Other Interior Features
Square Footage : 2,080 Sqft
Building Area : 0 Sqft
Virtual Tour : Click Here
Year Built : 1957
Lot Area : 12,488 Sqft
Features
Heating System : Central Individual
Cooling System : Central Individual
Exterior Features : Fence, Screen Porch
Garage Spaces : 0
Roof : Comp Shingle
Address Map
Street : Spanish
State : FL
County : Palm Beach
City : Delray Beach
Zipcode : 33483
Street Number : 2312
Street Suffix : Trail
Longitude : W81° 55' 47.9''
Latitude : N26° 25' 58.6''
Floor Number : 0
Directions : From Linton Blvd and 95, go south on federal, turn east into tropic isle and make your next two rights to Spanish Blvd.
Lot Features : 1/4 To 1/2 Acre
Parcel Number : 12434628020001320
MLS Addon
PotentialShortSale : No
DevelopmentName : Tropic Isle
Association Fee : $0
Construction Materials : Cbs
Elementary School : Pine Grove Elementary School
Flooring : Ceramic Tile
HighSchool : Boca Raton Community High School
MiddleOrJunior School : Boca Raton Community Middle School
Senior Community : No
Subdivision Name : TROPIC ISLE 2ND SEC
Tax Annual Amount : $9,045
Tax Year : 2021
Utilities : Public Water, Public Sewer, Electric, Cable
Zoning : RM(cit
SqFt - Total : 3,418 Sqft
History
OriginalListPrice : $925,000
DOM : 0
Cumulative DOM : 0
Office Name : RE/MAX Services
Agent Name : Sheralyn Anstis
ClosePrice : $975,000
CloseDate : 03/18/2022
Residential Income For Sale
- Listing ID : RX-10770644
- Square Footage : 2,080 Sqft
$925,000
Agent Info
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