226 - 218 NE 5th Terrace, Delray Beach, FL 33483

226 - 218 NE 5th Terrace, Delray Beach, FL 33483

$2,550,000
Price

2,923

Property Type:

Duplex

Status:

Canceled

Listing ID:

F10471271

Year Built:

1961

Priced Below Market Value for Quick Close! Rare investment opportunity with two buildings on a double lot totaling 17,396 sq ft, featuring four income-generating units. Located in a prime area just 5 blocks north of Atlantic Ave and 2 blocks from Pineapple Grove in Del Ida Park Historic District—perfect for Airbnb or VRBO rentals. Includes eight parking spaces and a spacious courtyard for added value. Each home has split electric meters. High ROI potential in a high-demand rental area close to the Ocean and Avenue. A turnkey property ready to generate seasonal or annual rental income. Seller Financing Options Available! (All future bookings can be transferred to new owner) Units include renovated Kitchens & Bathrooms + washer/dryer. New HVAC Units as well!

Basic Details

Listing Type: For Sale
Price: $2,550,000
Square Footage: 2,923
Property Sub Type: Duplex

Features

Cooling System: Zoned, Wall/Window Unit(s)
Patio: Balcony, Patio, Porch, Open, Screened
Sewer: Public Sewer
Window Features: Impact Glass
Heating system: Other, Zoned
Flooring Type: Tile
Private Pool: None

Extended Details

Exterior Features: Balcony,Enclosed Porch,Fence,Fruit Trees,Porch,Patio,Room For Pool
Virtual Tour URL: Virtual Tour URL
Subdivision: DEL IDA PARK
Construction: Block
Terms Considered: Cash,Conventional,1031 Exchange
Utilities: Cable Available
Lot Description: 1/4 to 1/2 Acre Lot
Private Pool:
Courtesy of: Warehouse Realty
Association Fee Frequency: Monthly
Community Features: Non-Gated
Levels: One
Mls Status: Canceled
On Market Date: 2024-11-12
Previous Price: 2600000
Rent Includes: Cable TV,Water
Special Listing Conditions: Listed As-Is
Status Change Timestamp: 2025-03-07T13:46:15Z
Stories: 1
Tax Annual Amount: 10637.0
Video Url: https://www.propertypanorama.com/226-218-NE-5th-Terrace-Delray-Beach-FL-33483--RX-10805618/unbranded
Water Source: Well
Originating System Name: FTL