Bought with United Realty Group Inc
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Key Details
Sold Price $2,030,000
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Sold
Purchase Type For Sale
Subdivision Del Ida Park
MLS Listing ID RX-10826732
Sold Date 10/10/22
HOA Y/N No
Abv Grd Liv Area 6
Annual Tax Amount $19,768
Tax Year 2021
Lot Size 0.551 Acres
Property Description
This property is 2 buildings on a parcel each, currently used as a Multi Family Quad plex intersecting parcels: 218- 226 NE 5th Terrace. Combined lots 24,000 sq ft per Property Appraiser. Land Use: MULTI-FAMILY (0800) Zoning: RL (city)/MULTI-FAMILY RESIDENTIAL (MEDIUM DENSITY) DISTRICT Income figures based on current short-term rentals, and vacation booking rentals at present time. Major Redevelopment opportunity in the heart of Delray Beach | 2 blocks north of Pineapple Grove, and 5 blocks north of Atlantic Ave
Location
State FL
County Palm Beach
Area 4360
Zoning RL - Medium Den
Exterior
Community Features Comforms to Zoning, Rezone Required
Utilities Available Cable, Electric, Electric Service Available, Municipal Sewer, Public Water
Present Use Comforms to Zoning,Rezone Required
Exposure North
Building
Lot Description 1/2 to < 1 Acre, Interior Lot, Irregular Lot, Public Road
Story 120.00
Others
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
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