1705-1709 NE 3rd Ave
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1705-1709 NE 3rd Ave
10 Unit Block of Flats £2,738,575 (£273,858/Unit) 6.40% Net Initial Yield Delray Beach, FL 33444
Investment Highlights
- Successful Airbnb with financials
- Very large, Beautiful backyard space with new heated pool, corn-hole, ping pong, gazebo, fire pit, loungers and swings
- Close to Downtown Delray and Beaches
- Completely Renovated in 2022: Hurricane Impact windows and doors, New roof, New AC's, Tankless water heater in each unit, new Plumbing and Electrical
- Sold Turn-Key, each unit comes Completely Furnished. All kitchenware, linens, towels, etc included
Executive Summary
Do not miss this opportunity to own these 4 units (two duplexes) charming turn-key high income producing vacation rental in the most beautiful beach town in south Florida. Completely remodeled from top to bottom, inside and out. New heated pool, beautifully landscaped low maintenance yard complete with turf and travertine pavers, corn-hole area, fire-pit, ping pong, large connect four, gazebo sitting area, lounge spaces with umbrellas, outdoor shower, two swings, hurricane impact windows and doors, new roof, new AC units, new plumbing and electrical. Each three-bedroom two bath unit comes completely furnished with private washer/drier, tankless water heater and private fenced/gated backyard patio per unit, each with its own 4 car driveway. Share the huge breathtaking backyard for a resort-style vacation retreat. Entire backyard and amenities are shared with all 4 units. Currently being used as a successful Airbnb with guests booked through winter of 2025. All future bookings can be transferred to new owner.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,738,575 | Building Class | B |
| Price Per Unit | £273,858 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 3,928 SF |
| Net Initial Yield | 6.40% | Average Occupancy | 85% |
| No. Units | 10 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1965/2022 |
| Property Subtype | Apartment |
| Price | £2,738,575 |
| Price Per Unit | £273,858 |
| Sale Type | Investment |
| Net Initial Yield | 6.40% |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.45 AC |
| Building Size | 3,928 SF |
| Average Occupancy | 85% |
| Number of Floors | 1 |
| Year Built/Renovated | 1965/2022 |
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 10 | - | 982 - 1,000 |
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Very Bikeable (72)
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1705-1709 NE 3rd Ave
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