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$63,000
● Condo - Off Market

#207

Delray Beach, FL
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,068 Ft²
$135,457
RealtyHop Estimate
120.26%
Since May 1, 2012
National-US
Primary Model

About This Property

WOW, what a great buy on this investor friendly unit in Verano at Delray. This is one of the larger units available in the community with two full baths. There is some water damage, it is unknown whether the leak is current or old. The association is goin g to investigate at the time I am completing the mls listing......SEE attachments for offer preparation. SOLD AS-IS WHERE-IS
Unit Size
1,068 Ft²
Days on Market
-
Land Size
-
Price per sqft
$58
Property Type
Condo
Property Taxes
$127
HOA Dues
$386
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (Beaches MLS #F1176444)

Price History

Date / Event Date Event Price
Apr 25, 2012 Sold
Premium
Sold
Mar 1, 2012 Listed by Realty Pros $61,500
Listed by Realty Pros

Property Highlights

Parking Details
Parking Features: 1 Space
Interior Details
Full Bathrooms: 2
Interior Features: Second Floor Entry
Appliances: Other Equipment/Appliances
Flooring Type: Carpeted Floors
Exterior Details
Listing Terms: Cash Only
Construction Type: Cbs Construction
Exterior Features: Open Porch
Financial Details
Total Taxes: $1,524
Tax Year: 2011
Possession Information: Funding
Utilities Details
Heating Type: Central Heat
Cooling Type: Central Cooling
Location Details
Location: LINTON AND 95 HEAD WEST TO VERANO COMMUNITY ON SOUTH SIDE OF ROAD. MAKE LEFT ONCE IN COMMUNITY.
Subdivision Complex Building: Verano At Delray
HOA Details
HOA Fee: $386 Monthly

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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BEACHES

Listed by: Steven Paulsen
Realty Pros
Last Updated: 3 years ago
Data Source: Beaches MLS, MLS# F1176444
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
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