LAKEFRONT Beauty! This 3 bedroom, 2.5 bath 2300 SQFT home has
been renovated with a chef's kitchen with double thick quartz
counters and tasteful backsplash, upgraded appliances, two
dishwashers, and lots of storage with two pantries. All of the
floors have been replaced with large 31x31 porcelain tile. The
primary suite has generous space for a work desk and two walk in
closets. Four Seasons at Delray Beach's renovated clubhouse a
beautiful ballroom featuring a stage and dance floor. The Clubhouse
also has card rooms, and a catering kitchen. The sports center has
a state of the art fitness center, har-tru tennis courts,
pickleball courts, table tennis and bocce. Close to the Delray
Marketplace and the popular downtown area of Atlantic Avenue.
Beautiful Clubhouse renovations ongoing . Additional upgrades
include: new hurricane shutters throughout, new AC, new hot water
heater, cabinets in garage, new interior paint throughout, new
crown molding and base molding, all new window treatments
throughout including motorized treatments with room darkening on
patio sliders, all new recessed lighting in kitchen, living room,
and family room was updated. The master bath is original. Three
chandeliers do not convey..
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
Flooring Type: Ceramic Tile, Tile
Laundry Features: Electric Dryer Hookup, Inside, Laundry Closet, Laundry Room
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