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175 NE Olive Way
About This Property
Nestled in a quiet Boca beach neighborhood this home offers a large corner lot and endless opportunities to renovate. Only 3 short blocks to one of the most popular beaches in Palm Beach co. this house spans a large corner lot with circular driveway, 2 separate garages. 4 bedrooms 3 full baths in the main house, plus a garage apartment with 2 bedrooms, 1 full bath, separate laundry and full cabana bath. 2 AC units, 2 water heaters, heated pool and spa and much, much more. Don't miss this fabulous chance to live by the beach and renovate to your taste.
Call today for private showing or stop by OPEN HOUSE SUNDAY 9/16. BEING SOLD ''AS IS''. TV in living room is excluded from sale
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What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 4, 2019 | Sold | ||
| Sold | |||
| Sep 7, 2018 | Listed by Champagne & Parisi Real Estate | $1,150,000 | |
| Listed by Champagne & Parisi Real Estate | |||
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About Boca Raton Riviera
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017