222 SW 15th Ave - Apartments FOR SALE


Delray Beach, FL 33444
$585,000 USD
954-234-7653
222 SW 15th Ave, Delray Beach, FL for Sale
$585,000 USD
Apartments - FOR SALE
1/48
null | 6.5% Cap Rate

222 SW 15th Ave
Delray Beach, FL 33444


HIGHLIGHTS

  • Updated Duplex In The Heart Of Delray Beach.
  • Hurricane Impact Windows, Doors, Tile Floors And Central Air Conditioning.
  • Kitchens Have Been Updated With Newer Cabinets And Stainless Steel Appliances.

OVERVIEW

Nicely Updated Duplex In The Heart Of Delray Beach. Both Units Are Large 2 Bed 1 Bath, With Hurricane Impact Windows, Doors, Tile Floors And Central Air Conditioning. Kitchens Have Been Nicely Updated With Newer Cabinets And Stainless Steel Appliances. Each Unit Also Has A Separate Washer And Dryer Area. Tenants Pay All Utilities (Water, Trash, Electric). Property Is Currently Generating An Annual Gross Income Of $46,800 With A Potential Market Income Of $57,600. Expenses Include Lawn ($480) Flood Insurance ($675) Taxes ($6,961) Totaling $8,116. This Leaves A Potential Net Income Of $38k To $48k, Perfect For Owner Occupant And Or Investor. Call Listing Agent For More Details.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

2

PRICE/UNIT

$292,500

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,425 SF

ZONING

R-1-A

APN/PARCEL ID

12-43-46-17-33-000-0060

ASK ABOUT THIS PROPERTY

Carlos MontoyaFidelity Real Estate GroupMore Info
954-234-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Carlos MontoyaFidelity Real Estate GroupMore Info
954-234-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.