$2,675,000
Estimated Payment$12,634/mo
Multi-Family For SalePrice Drop -$175,000

226 218 NE 5th Terrace, Delray Beach, FL 33444

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1,259Sq. Ft.
1-Story Multi-Family Home In Del Ida Park

'Now's your chance, turnkey won't last!!'', Short-Term, or Long Term Rental Location! 2 buildings on double lot, total property Square feet 17,396 Excellent location 5 blocks north of Atlantic Ave, 2 blocks north of Pineapple Grove in the Del Ida Park Historic District. Great for seasonal rentals or Bed & Breakfasts or Airbnb. All units occupied m/m leases. Property has 8 parking spaces and large courtyard with tons of opportunities for the proper investor or developer. Each home has split electric meters. Income figures based on current short-term rentals, and vacation booking rentals at present time. Sold fully furnished.

226 218 NE 5th Terrace is a multi family-home located in Palm Beach, the 33444 ZIP Code, and the Plumosa School Of The Arts, Carver Community Middle School, and Atlantic Community High School attendance zones.

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226 218 NE 5th Terrace
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Location
226 218 NE 5th Terrace Delray Beach, FL 33444
Home Details

Listing Details

General

  • Total Number of Units: 2

    Interior Details

    Utilities

    • Cooling Details: Wall Win A C, Zoned
    • Utilities: Cable, Electric, Gas Natural, Public Sewer, Public Water, Well Water
    • Heating Details: Other, Zoned

    General

    • Flooring: Tile

      Rooms

      • Rooms: 2

        Financial Details

        Tax Details

        • Annual Tax Amount: 7141
        • Zoning: Osshad

        Property Details

        Construction Details

        • Roof: Comp Shingle
        • Construction Materials: Block, Concrete

        General

        • Lot Features: 1 2 to 1 Acre
        • Stories: 1

        Location Details

        View

        • View Details: Garden

          MLS Details

          General

          • Days on Homes.com: 27
          • MLS Number: RX-10805618
          • Listed: 6/3/2022
          • Last Updated: 6/29/2022
          • Offered By: United Realty Group Inc
          • Listing Source: Beachesmls
          Monthly Payment Calculator

          $12,634

          Estimated Mortgage
          Principal & Interest
          $9,022
          Insurance
          $936
          Taxes
          $2,675
          Mortgage Insurance
          $0
          i
          Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
          i
          If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
          Price History
          • DateEventPrice
          • 06/29/2022$175,000$2,675,000
            Source: BeachesMLS
          • 06/03/2022listed$2,850,000
            Source: BeachesMLS
          Nearby Schools
          School data provided by GreatSchools
          i
          The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
          Points of Interest

          Airports

          Distance
          • Palm Beach International
            19.6 mi

          Colleges

          Distance
          • Florida Atlantic University
            8.9 mi
          • Lynn University
            9.6 mi

          Parks and Recreation

          Distance
          • Sandoway House Nature Center
            1.6 mi

          Shopping Centers

          Distance
          • Esplanade in the Grove
            0.3 mi
          • North Delray Commons
            0.4 mi
          • 210 NE 6th Ave
            0.5 mi
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          Listing Agent
          Devuyo Marcelin
          United Realty Group Inc
          Delray Beach, FL
          Continue Your Search

          $2,675,000

          1,259 Sq. Ft.

          226 218 NE 5th Terrace

          Delray Beach, FL 33444

          Devuyo Marcelin
          United Realty Group Inc