Boca Raton FL Multi Family for Sale
$5,400,000
1121 Bel Air Dr Highland Beach, FL 33487
- Type:
- Fourplex
- Sq.Ft.:
- 9,311
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1979
- Baths:
- MLS#:
- F10484606
- Subdivision:
- Bel Lido
ADDITIONAL INFORMATION
A rare opportunity to own a prestigious quadplex with over 8000 sq ft in the heart of Highland Beach, offering a luxurious coastal lifestyle with exceptional income potential. Nestled along the serene Intracoastal waters with deeded beach access, this one-of-a-kind property is just minutes from Downtown Delray & Boca Raton, making it a prime investment for owner-residents or savvy investors. This quadplex generates an impressive annual income of over $362K, making it a highly desirable asset in the rental market. Perfect for Owner-Resident Investors, live in one and rent out the others, or capitalize on this high-demand rental property. This property is ideal for owner-residents looking to offset costs or investors seeking a lucrative revenue stream.
- Type:
- Triplex
- Sq.Ft.:
- 5,010
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1984
- Baths:
- MLS#:
- R11054512
- Subdivision:
- ELEVEN-O-FOUR CONDO
ADDITIONAL INFORMATION
One-of-a-kind opportunity to own the only multi-family complex available in Highland Beach! This is a beautiful turnkey investment property with great cashflow and potential appreciation. You have three fully renovated units which consist of 2 bedrooms and 2 bathrooms each with their own laundry, balconies and a brand new 2025 roof. Each unit also comes equipped with their own garage, private airconditioned pool cabana and all the units have access to the Bel Lido gated beach entrance. With well over 100 FT of waterfrontage, you have long range views of the direct intracoastal. 2 of 3 units are rented with one vacancy. We are currently marketing that unit for rent for $11,000/monthly. There are increased rent possibilities with new tenants and offering the boat slips! Perfect
Andrea Conner, License #BK3437731, Xome Inc., License #1043756, AndreaD.Conner@Xome.com, 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Boca Raton Real Estate
The median home value in Boca Raton, FL is $680,000. This is higher than the county median home value of $447,100. The national median home value is $338,100. The average price of homes sold in Boca Raton, FL is $680,000. Approximately 55.26% of Boca Raton homes are owned, compared to 26.1% rented, while 18.64% are vacant. Boca Raton real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Boca Raton real estate agent to arrange a tour today!
Boca Raton, Florida 33487 has a population of 95,347. Boca Raton 33487 is more family-centric than the surrounding county with 28.25% of the households containing married families with children. The county average for households married with children is 25.71%.
The median household income in Boca Raton, Florida 33487 is $89,776. The median household income for the surrounding county is $68,874 compared to the national median of $69,021. The median age of people living in Boca Raton 33487 is 47.4 years.
Boca Raton Weather
The average high temperature in July is 90.3 degrees, with an average low temperature in January of 57.8 degrees. The average rainfall is approximately 60 inches per year, with 0 inches of snow per year.