226 - 218 NE 5th Terrace
Delray Beach, FL 33483
- – beds
- – baths
- 1,259 sqft
- $2,144 per sqft
- 1961 build
- – on site
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! Units include renovated Kitchens & Bathrooms + washer/dryer. New HVAC Units as well!
Listing courtesy of GFLR / Warehouse Realty
Last checked:
Checking…
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Last updated Nov 14, 2024
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MLS# F10471271 —
The Building
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Year Built:1961
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Year Built Description:Resale
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Construction Type:Concrete Block Construction
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Style:Duplex
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Roof Description:Comp Shingle Roof
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Exterior Features:Fence, Fruit Trees, Open Balcony, Open Porch, Patio, Room For Pool, Screened Porch
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Total Units:2
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Unit Count:4
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# of Stories:1
Interior
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Floor Description:Tile Floors
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Window Treatments:Impact Glass
Room Dimensions
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SqFt Living Room Area:1,259 Sqft
Financial & Terms
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Terms Considered:Cash, Conventional, Exchange
Location
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Directions:I-95 to Exit Atlantic Avenue East then North/Left on NE 2nd Avenue then East/Right on NE 5th Terrace to property on South/Right.
The Property
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Type of Property:Duplex
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Property Type:Residential Income
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Property Type Information:Other
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Parcel Number:12434609290090170
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Lot Description:1/4 To Less Than 1/2 Acre Lot
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Zoning:OSSHAD
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Geographic Area:Palm Beach 4220a; 4230b; 4360a; 4370b
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Waterfront Property:No
Listing Agent
- Contact info:
- Agent phone:
- (561) 405-1787
- Office phone:
- (954) 516-0000
Taxes
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Tax Year:2021
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Tax Amount:$10,637
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Tax Information:Tax Reflects City & County Tax
The Listing
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Special Information:As Is, Survey Available
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Information Available:None, Existing Survey
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Auction:No
Heating & Cooling
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Cooling Description:Wall/Window Unit Cooling, Zoned Cooling
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Heating Description:Other, Zoned Heat
Utilities
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Water Description:Well Water
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Sewer Description:Municipal Sewer
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Internet:Yes
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Cable Available:Yes
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Separate Meter:Yes
The Community
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Subdivision Name:DEL IDA PARK
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Subdivision Complex Bldg:DEL IDA PARK
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Gated Community:No
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Pool:No
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Association Fee Paid:Monthly
Parking
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# Parking Spaces:8
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/13/24
Nov 13, 2024
|
Listed / Active | GFLR | $2,700,000 | 33.0% (15.7% / YR) |
7/10/24
Jul 10, 2024
|
Price Changed | GFLR | ||
6/18/24
Jun 18, 2024
|
Price Changed | GFLR |