561Boca Raton, FL 33432
$2,700,000
Property Type:
Commercial Sale
Square Footage:
8,206
Lot Size (sq. ft.):
33,977
Status:
Closed
Current Price:
$2,700,000
List Date:
6/14/2021
Last Modified:
1/13/2026
Description
Boca Dupes
3 duplexes with extra land in back. Great development play. Located by downtown Boca.totally renovated hurricane impact washer/dryer in every unit Ample parking.extra land in rear of property.fire sprinklers.
Collect on net lease for the next 8 years whilst preparing for a redevelopment/density increase.
Rent = $15,400 /mo = $184,800 / year
Taxes = $15,129
Insurance = $11,394
NOI = $158,277
3% annual bumps
Bldg 1- two 2bed 2 bath
Bldg 2- one 3bed 2 bath and one 2bed 2 bath
Bldg 3- two 3bed 2 bath
More Information MLS# R10723985
Contract Information
Comp Sale YN: No
Listing Contract Date: 2021-06-14
Status: Closed
Original List Price: 3000000
Sold Price: $2,700,000
Current Price: $2,700,000
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: 3 duplexes plus land
State Or Province: FL
Zoning: R2(cit
Directions: Fed Hwy & Palmetto West. Right at NW 4th Ave. Located on W side.
General Property Information
Lot Size Area: 33976.8
Stories: 1
Property Sub Type: Multi Family
Building Area Main: 8206
Building Area Source: Public Records
Year Built: 1975
Lot Size Acres: 0.78
Currently Not Used
Number Of Units Total: 6
Remarks and Miscellaneous
Public Historical Remarks: Building Type: Y
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Other
Major Change Timestamp: 2022-03-28T14:18:33Z
Major Change Type: Status Change
Status Change Date: 2022-03-28
Under Contract Date: 2022-01-03
Close Date: 2022-03-21
Close Price: 2700000
Electric
Three Phase: 1
Flooring
Tile: 1
Property Condition
Resale: 1
Documents Available
Aerial Photo(s): 1
Copy Of Lease(s): 1
Existing Survey: 1
Meter Information
Number Of Meters Total: 6
Tenant Pays
Common Area Maintenance: 1
Electricity: 1
Maintenance: 1
Repairs: 1
Water: 1
Possession
Negotiable: 1
Subject To Tenant Rights: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Building and Property Details
# Of Toilets: 6
% Air Conditioned: 100
Maximum Ceiling Height: 8
Building Features
Free Standing: 1
Heating
Central: 1
Electric: 1
Sale Includes
Building: 1
Land: 1
Listing Terms
Cash: 1
Conventional: 1
Trade: 1
Roof
Spanish Tile: 1
Security Features
Fire Sprinkler System: 1
Smoke Detector(s): 1
Water Source
Public: 1
Cooling
Central Air: 1
Electric: 1
Showing Requirements
Appointment Only: 1
Contingencies
Other: 1
Price Calculations
Current Price To SqFt: 329.02
Original List Price To Close Price: 1.11
Financial Information
Tax Annual Amount: 15129
Tax Year: 2020
Tax Legal Description: BOCA RATON HILLS SEC 1 LT 6 (LESS NLY 70 FT & SELY 11.97 FT) & NWLY 8.64 FT OF LT 7 BLK 7
Originating Details
Originating System Key: 20210614180852292741000000
Originating System ID: M00000170
Property Features
Building Features: Free Standing
Documents Available: Aerial Photo(s); Copy Of Lease(s); Existing Survey
Electric: Three Phase
Flooring: Tile
Heating: Central; Electric
Possession: Negotiable; Subject To Tenant Rights
Property Condition: Resale
Sale Includes: Building; Land
Tenant Pays: Common Area Maintenance; Electricity; Maintenance; Repairs; Water
Cooling: Central Air
Listing Terms: Cash; Conventional; Trade
Roof: Spanish Tile
Security Features: Fire Sprinkler System; Smoke Detector(s)
Sewer: Public Sewer
Utilities: Cable Available
Water Source: Public
Showing Requirements: Appointment Only
Contingencies: Other
Documents
Survey ›
Listing Office:
Compass Florida LLC
Last Updated: January - 13 - 2026
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