214 SE 4th Avenue
Delray Beach, FL 33483

$1,749,000

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Karolina Sutherland
(720) 935-4744

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Property Description

MLS# RX-10650763 Type Quad Plex
Status Pending Sq.Ft 0
Beds 0 Stories 1
Baths 0 Taxes $9,645

Features

Interior features
Exterior features

Remarks

One of a kind CASH COW, two blocks off ''the Ave'' GUT RENO/4-Unit Investment Prop w/heated pool. All new renovation to the core. Lucrative margins!!! Lux, furnished turnkey Villas...operated as exec or vacation rental. Always full. 5-Star Reviews. ''Melrose Place'' compound w/many repeat guests.NOI >$176K/year in 2020 when 1/2 year was closed to Covid!!! NOI would be double. 9.55% Cap Rate. Can build up- double sq feet- 2nd story.Owner does NOT need to sell, but considering larger project.Before-and-After Reno photos provided upon request & all building plans, books, reviews (4.9), occupancy reports, etc.311 SE 3rd Ave Duplex income producing a few doors down also available, also cash cow and fully renovated.

Listing provided courtesy of Illustrated Properties.
To see full listing details, please visit the broker website for more informations.