Absolutely gorgeous 2 bedroom villa in Virburnum HOA section of Las
Verdes features direct water views and beautifully opened up
remodeled kitchen with granite countertops, soft close cabinets and
newer appliances. New level family room was built in 2024 with
hurricane slider out your private patio overlooking the water.
Gorgeous 24" Porcellan Tile throughout the living area with plush
carpet in both bedrooms. The master bath has been completely
transormed into a modern oasis. The house also full hurricane
protection with storm windows and doors on all openings including
garage. New toilets in both baths, 3 modern fans and all new
lighting throughout including motion detector flood lights in the
backyard. Highl efficiency16 Seer AC System. Stove, Dryer & Garbage
Disp all less than 1 yr. LAS VERDES IS A BEAUTIFULLY MAINTAINED
GATED COMMUNITY IN THE HEART OF DELRAY BEACH. THERE ARE 3 POOLS,
TENNIS, BOCCE & PICKLEBALL COURTS, JACUZZIS, SHUFFLEBOARD,
BASKETBALL HOOP AND WALKING/JOG AREAS. TAKE A LEISURELY STROLL
AROUND THE PEACEFUL, SERENE COMMUNITY LAKE. NEW EXERCISE ROOM IN
2021 IS 4 TIMES BIGGER WITH ALL NEW EQUIPMENT. ITS ACTIVE CLUBHOUSE
HOSTS A VARIETY OF ACTIVITIES INCLUDING EXERCISE CLASSES, DINNERS,
DANCES, PRIVATE CLUB ACTIVITIES AND NAMED ENTERTAINMENT. TONS OF
IMPROVEMENTS THE LAST 8 YEARS, NOT JUST THE EXERCISE ROOM, NEW ROOF
AND FLOOR IN CLUBHOUSE, ALL POOL BATHROOMS UPDATED AND NOW ADA
COMPLIANT, SEWER DRAINAGE PIPES RE-SLEEVED, NEW BORDER FENCE AROUND
COMMUNITY, NEW LANDSCAPING AT BOTH ENTRANCES, NEW GUARD SHACK &
MUCH MORE. LAS VERDES IS ON THE DELRAY MEDICAL CENTERS NEW UPGRADED
POWER GRID AND DID NOT LOSE POWER AFTER HURRICANE IRMA IN 2017. LAS
VERDES IS CLOSE TO MANY FINE RESTAURANTS, SHOPPING AREAS & MEDICAL
FACILITIES. THE AZURE WATERS OF THE ATLANTIC ARE APRX. 6 MILES
CLOSE. A WONDERFUL PLACE TO CALL HOME WHETHER YOU PLAN ON BEING A
FULL TIME RESIDENT OR THE SEASONAL "SNOWBIRD". LAS VERDES IS NOT
PART OF KINGS POINT; COMPLETELY SEPARATE COMMUNITY. . . . . . . . .
. . . . .ALL SQARE FOOTAGE IS APPROXIMATE. ALL INFORMATION DEEMED
RELIABLE BUT NOT GUARANTEED.
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: Dryer, Dishwasher, ENERGY STAR Qualified Refrigerator, Electric Range, Electric Water Heater, Freezer, Microwave, Refrigerator, Water Heater, Washer
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