561398 W Camino Real, Boca Raton, FL 33432
$2,600,000
Property Type:
Commercial Sale
Square Footage:
6,750
Lot Size (sq. ft.):
16,553
Status:
Closed
Current Price:
$2,600,000
List Date:
12/12/2022
Last Modified:
1/13/2026
Description
GREAT OPPORTUNITY TO OWN A COMPLETELY REMODELED 6 UNIT APARTMENT COMPLEX IN A GREAT LOCATION IN EAST BOCA RATON NEW KITCHENS, NEW BATHROOMS, FLOORING, ELECTRIC, IMPACT HURRICANE WIDOWS, ALL UNITS HAVE WASHER & DRYER, ETC... THERE ARE FOUR APARTMENTS THAT ARE 3 BEDROOMS & 3 BATHROOMS, ONE APARTMENT THAT IS A 2 BEDROOM & 2 BATH AND ONE APARTMENT THAT IS A 1 BEDROOM & 1 BATHROOM. GREAT LOCATION CLOSE TO ROYAL PALM PLAZA & MIZNER PARK W/ SHOPPING & RESTAURANTS. FRESH MARKET AND PUBLIX RIGHT DONE THE STREET. ONE MILE TO THE BEACH. BEST SCHOOL DISTRIST IN BOCA RATON.
$181,397.17 ANNUAL INCOME (RENT & FEES)
$48,635.16 ANNUAL EXPENSES
NOI $134,562.01
More Information MLS# R10849239
Contract Information
Comp Sale YN: Yes
Listing Contract Date: 2022-12-01
Status: Closed
Original List Price: 3000000
Sold Price: $2,600,000
Current Price: $2,600,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Boca Raton
Postal Code: 33432
Geographic Area: PB02
Property Description: 6 UNIT APARTMENT
Country: United States
Street Number: 398
Street Direction Prefix: W
Street Name: Camino Real
State Or Province: FL
Area: 4290
Parcel Number: 06434730030080010
Zoning: R3(cit
Directions: FEDERAL HWY TO CAMINO REAL HEAD WEST TO PROPERTY ON THE RIGHT SIDE
General Property Information
Lot Size Area: 16552.8
Stories: 2
Property Sub Type: Multi Family
Building Area Main: 6750
Building Area Source: Public Records
Year Built: 1974
Lot Size Acres: 0.38
Currently Not Used
Number Of Units Total: 6
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2024-04-10T17:04:56Z
Major Change Type: Status Change
Status Change Date: 2024-04-10
Under Contract Date: 2024-01-01
Close Date: 2024-02-05
Close Price: 2600000
Electric
Three Phase: 1
Flooring
Ceramic Tile: 1
Property Condition
Resale: 1
Documents Available
Financial Statement: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Water: 1
Possession
Close Of Escrow: 1
Utilities
Cable Available: 1
Building and Property Details
# Of Toilets: 15
% Air Conditioned: 6
Maximum Ceiling Height: 8
Distance To Information
Miles to Beach: 1
Heating
Central: 1
Electric: 1
Sale Includes
Building: 1
Land: 1
Construction Materials
CBS: 1
Stucco: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Other: 1
Security Features
Fire Alarm: 1
Water Source
Public: 1
Description of Unit Type 1
Full Baths: 3
Cooling
Central Air: 1
Electric: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Price Calculations
Current Price To SqFt: 385.18
Original List Price To Close Price: 1.15
Financial Information
Tax Annual Amount: 17639.5
Tax Year: 2022
Tax Legal Description: BOCA RATON SQUARE GATEWAY LT 1 BLK 8
Originating Details
Originating System Key: 20221130190701473016000000
Originating System ID: M00000170
Property Features
Documents Available: Financial Statement
Electric: Three Phase
Flooring: Ceramic Tile
Heating: Central; Electric
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building; Land
Tenant Pays: Cable TV; Electricity; Water
Construction Materials: CBS; Stucco
Cooling: Central Air
Listing Terms: Cash; Conventional
Roof: Other
Security Features: Fire Alarm
Utilities: Cable Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Call Listing Agent
Listing Office:
Compass Florida LLC
Last Updated: January - 13 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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