5615458 Via Delray Boulevard, Delray Beach, FL 33484
$6,400,000
Property Type:
Residential Income
Square Footage:
1,067
Status:
Closed
Current Price:
$6,400,000
List Date:
7/30/2020
Last Modified:
1/11/2026
Description
Amazing opportunity to own a 37 unit condominium complex with a 7.9% cap rate. This mint condition beautifully landscaped property sits on 3 acres in unincorporated Palm Beach County near Delray Beach area and includes a pool, tranquil pond, 2 gazebos and plenty of parking. The property was built in 1973 and consists of three buildings that include:
Thirty two 1200 s/f 2/2's
Four 1485 s/f 2/2's
One 1963 s/f 3/2
Each unit includes granite counter tops, stainless steel appliances, private washer and dryer, private balconies, tile and laminate flooring. There is only one tenant who has a master lease for the next five years. Gross monthly revenue of $59,328 & has a 0% vacancy rate. Owner responsible to pay taxes, insurance and common area. Tenant responsible for everything inside of u
Supplements: including repairing and replacing any appliances, and yearly increases in taxes and insurance. Please speak with listing agent regarding operating expenses and NOI.
More Information MLS# R10642813
Contract Information
Comp Sale YN: No
Listing Date: 2020-07-27
Status: Closed
Original List Price: 6499000
Sold Price: $6,400,000
Current Price: $6,400,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Delray Beach
Postal Zip: 33484
Development Name: Via Delray
Geographic Area: PB09
Special Assessment YN: No
Street Number: 5458
Street Name: Via Delray
Street Suffix: Boulevard
State Or Province: FL
Postal Code: 33484
Subdivision Name: VIA DELRAY CONDOS
Area: 4630
Parcel Number: 00424611270011060
Zoning: PUD
Directions: West of Military trail between Woolbright and Atlantic
General Property Information
Number Of Units Total: 37
Living Area Main: 1067
Gated Community YN: No
Senior Community YN: No
Stories: 2
Pool Private YN: Yes
Property Sub Type: Triplex
Building Area Main: 1067
Building Area Source: Public Records
Year Built: 1973
Waterfront YN: 1
Financial Information
Association Membership: Mandatory
Association YN: 1
Tax Annual Amount: 2305.75
Tax Year: 2019
Tax Legal Description: VIA DELRAY CONDOS UNIT 106 BLDG A
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Other
Major Change Timestamp: 2021-03-11T19:45:14Z
Major Change Type: Status Change
Status Change Date: 2021-03-11
Under Contract Date: 2020-08-07
Close Date: 2021-03-11
Close Price: 6400000
Application Fee Details
Application Fee: 0
Association Amenities
Pool: 1
Flooring
Laminate: 1
Tile: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Documents Available
Accounting Statements: 1
Copy Of Lease(s): 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes
Tenant Pays
Cable TV: 1
Electricity: 1
Repairs: 1
Sewer: 1
Water: 1
Other Structures
Cabana: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Sewer Available: 1
Water Available: 1
View
Garden: 1
Other: 1
Heating
Central: 1
Water View
Pond: 1
Construction Materials
Block: 1
CBS: 1
Listing Terms
Cash: 1
Lot Features
Many Trees: 1
Road Frontage Type
West of US-1: 1
Public Road: 1
Road Surface Type
Paved: 1
Roof
Barrel: 1
Water Source
Public: 1
Waterfront Features
Pond: 1
Income and Expenses
Annual Total Expense: 0
Gross Income: 59328
Source Of Expenses
Owner Provided: 1
Other: 1
Cooling
Central Air: 1
Showing Requirements
Call Listing Agent: 1
Restrictions
No Restrictions: 1
Storm Protection
Panel Shutters: Partial
Tax Information
County Only: 1
Showing Details
Pet(s) on Premises: No
Contingencies
Other: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 0
Baths Full: 1
Beds Total: 2
Furnished: Unfurnished
SqFt: 1200
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
Open Parking: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 0
Baths Full: 2
Baths Half: 2
Furnished: Unfurnished
SqFt: 1485
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Open Parking: 1
Unit 3 Details
Actual Rent: 0
Baths Full: 2
Beds Total: 3
SqFt: 1963
Unit 4 Details
Actual Rent: 0
SqFt: 0
Price Calculations
Current Price To SqFt: 5998.12
Original List Price To Close Price: 1.01
Acreage Description
3 To Less Than 4 Acre Lot: 1
Originating Details
Originating System Key: 20200724173130333485000000
Originating System ID: M00000170
Property Features
Association Amenities: Pool
Documents Available: Accounting Statements; Copy Of Lease(s)
Flooring: Laminate; Tile
Property Condition: Resale
Tenant Pays: Cable TV; Electricity; Repairs; Sewer; Water
Source Of Expenses: Owner Provided; Other
Construction Materials: Block; CBS
Cooling: Central Air
Heating: Central
Listing Terms: Cash
Lot Features: Many Trees
Other Structures: Cabana
Possession: Close Of Escrow
Restrictions: No Restrictions
Road Frontage Type: West of US-1; Public Road
Road Surface Type: Paved
Roof: Barrel
Sewer: Public Sewer
Tax Information: County Only
Utilities: Sewer Available; Water Available
View: Garden; Other
Water Source: Public
Water View: Pond
Waterfront Features: Pond
Showing Requirements: Call Listing Agent
Unit 1 Appliances: Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Open Parking
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Open Parking
Contingencies: Other
Acreage Description: 3 To Less Than 4 Acre Lot
Listing Office:
Florida Professional R.E.
Last Updated: January - 11 - 2026
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