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214 SE 4th Avenue, Delray Beach, FL 33483 (MLS# R10650763)

214 SE 4th Avenue, Delray Beach, FL 33483

$1,500,000

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https://www.propertypanorama.com/214-SE-4th-Avenue-1234-Delray-Beach-FL-33483/unbranded

Property Type: Residential Income Square Footage: 1,970 Status: Closed

Current Price: $1,500,000 List Date: 8/29/2020 Last Modified: 5/17/2026

Overview

Description

One of a kind CASH COW, two blocks off ''the Ave'' GUT RENO/4-Unit Investment Prop w/heated pool. All new renovation to the core. Lucrative margins!!! Lux, furnished turnkey Villas...operated as exec or vacation rental. Always full. 5-Star Reviews. ''Melrose Place'' compound w/many repeat guests. NOI >$176K/year in 2020 when 1/2 year was closed to Covid!!! NOI would be double. 9.55% Cap Rate. Can build up- double sq feet- 2nd story. Owner does NOT need to sell, but considering larger project. Before-and-After Reno photos provided upon request & all building plans, books, reviews (4.9), occupancy reports, etc. 311 SE 3rd Ave Duplex income producing a few doors down also available, also cash cow and fully renovated.

Listing Details MLS# R10650763

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 1970
Building Area Source: Public Records
Living Area Main: 1868
Accessibility Features YN: Yes
Year Built: 1947
Gated Community YN: No
Lot Size Area: 6626
Lot Size Acres: 0.15
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: Yes
Pool Private YN: Yes

Property Features

Association Amenities: Pool; Street Lights Documents Available: Accounting Statements; Copy Of Lease(s); Inventory; Investment Analysis Electric: Three Phase Exterior Features: Custom Lighting Fencing: Fenced Flooring: Ceramic Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity; Sewer; Water Source Of Expenses: Accountant Provided; Books; Owner Provided Construction Materials: CBS; Stucco Cooling: Central Individual Heating: Central Individual Listing Terms: Cash; Conventional; Trade Lot Features: Many Trees; Sidewalks Pool Features: Chlorination - Auto; Equipment Included; Gunite; Heated; In Ground; Salt Water Possession: Close Of Escrow Restrictions: No Restrictions Roof: Tar/Gravel Special Information: Corporate Owned Sprinkler Description: Auto Sprinkler; Zoned Sprinkler Tax Information: City/County Utilities: Cable Available; Phone Not Available; Water Available Water Access: None Water Source: Public Window Features: Drapes Showing Requirements: Appointment Only; Call Listing Agent; Occupied Occupant Details: Tenant Occupied Outdoor Living Spaces: Deck Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Interior Features: Walk-In Closet(s) Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen; Laundry Room Unit 3 Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 3 Parking Features: Parking Space Unit 3 Rooms: Laundry Room Unit 4 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Washer Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Window Coverings Unit 4 Parking Features: Parking Space Unit 4 Rooms: Kitchen Contingencies: 3rd Party Approval; None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1950000
Owner Phone: 7819830204

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 214
Street Direction Prefix: SE
Street Name: 4th
Street Suffix: Avenue
City Name: Delray Beach
State Or Province: FL
Postal Code: 33483
Postal Zip: 33483
Subdivision Name: LINNS
Area: 4370
Geographic Area: PB06
Parcel Number: 12434616040950160
Zoning: R-1-A(
Directions: I-95 to Exit #52 East onto Atlantic Ave. Cross over Swinton Ave and turn right onto SE 4th Ave.
Multiple Offers Accepted: Yes

Financial Information

Tax Annual Amount: 9645.4
Tax Year: 2020
Tax Legal Description: LINNS ADD TO OSCEOLA PARK LT 16 BLK 95

Status Change Information

Major Change Timestamp: 2021-05-01T05:42:41Z
Major Change Type: Status Change
Price Change Timestamp: 2021-01-30T11:28:28Z
Status Change Date: 2021-05-01
Under Contract Date: 2021-02-18
Close Date: 2021-04-01
Close Price: 1500000
Buyer Financing: Cash

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: No

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 43304
Gross Income: 155394
Net Operating Income: 112090

Storm Protection

Impact Glass: Complete

Showing Details

Pet(s) on Premises: Yes

Unit 1 Details

Actual Rent: 2300
Baths Full: Yes
Furnished: Furnished
SqFt: 556

Unit 2 Details

Actual Rent: 2200
Baths Full: Yes
Furnished: Furnished
SqFt: 556

Unit 3 Details

Actual Rent: 1900
Efficiency YN: Yes
Furnished: Furnished
SqFt: 378

Unit 4 Details

Actual Rent: 1900
Efficiency YN: Yes
Furnished: Furnished
SqFt: 378

Price Calculations

Current Price To SqFt: 802.99
Original List Price To Close Price: 1.3

Originating Details

Originating System Key: 20200825200156955939000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

Pool: Yes
Street Lights: Yes

Electric

Three Phase: Yes

Exterior Features

Custom Lighting: Yes

Flooring

Ceramic Tile: Yes

Property Condition

Resale: Yes

Special Information

Corporate Owned: Yes

Documents Available

Accounting Statements: Yes
Copy Of Lease(s): Yes
Inventory: Yes
Investment Analysis: Yes

Fencing

Fenced: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Sewer: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Utilities

Cable Available: Yes
Phone Not Available: Yes
Water Available: Yes

Heating

Central Individual: Yes

Sprinkler Description

Auto Sprinkler: Yes
Zoned Sprinkler: Yes

Water Access

None: Yes

Window Features

Drapes: Yes

Construction Materials

CBS: Yes
Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Trade: Yes

Lot Features

Many Trees: Yes
Sidewalks: Yes

Pool Features

Chlorination - Auto: Yes
Equipment Included: Yes
Gunite: Yes
Heated: Yes
In Ground: Yes
Salt Water: Yes

Roof

Tar/Gravel: Yes

Water Source

Public: Yes

Source Of Expenses

Accountant Provided: Yes
Books: Yes
Owner Provided: Yes

Cooling

Central Individual: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Occupied: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Occupant Details

Tenant Occupied: Yes

Outdoor Living Spaces

Deck: Yes

Contingencies

3rd Party Approval: Yes
None: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Interior Features

Walk-In Closet(s): Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes
Window Coverings: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes
Window Coverings: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Unit 2 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 3 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes
Window Coverings: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Patio/Porch

Patio/Porch: Yes

Unit 3 Rooms

Laundry Room: Yes

Unit 4 Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes
Window Coverings: Yes

Unit 4 Parking Features

Parking Space: Yes

Unit 4 Patio/Porch

Patio/Porch: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Documents

Permit Set ›

Survey ›

2019 financials ›

Osceola Park Beautification Project ›

Listing Office: Illustrated Properties

Last Updated: May - 17 - 2026

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214 SE 4th Avenue, Delray Beach, FL 33483 (MLS# R10650763)