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226 - 218 NE 5th Terrace N

Delray Beach, FL 33444
  • $2,250,000
  • STATUS: Active Under Contract
  • ON SITE: 41 Days
  • ID#: RX-10826732
Under Contract
UPDATED: 58 min ago
$2,250,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

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

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www.doyouneedahome.com/homes/132391005
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226 - 218 NE 5th Terrace N Delray Beach, FL 33444

  • Price: $2,250,000
  • Status: Active Under Contract
  • On Site: 41 Days
  • Updated: 58 min ago
  • ID#: RX-10826732
0
Beds
0
Baths
0
½ Baths
0.55
Acres
Neighborhood:
Del Ida Park
County:
Palm Beach
Area:
Delray Beach
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
Exterior Features

Front Exposure North Ground Cover Other Improvements DrainageFencedIrrigation/SprnklersSidewalkStreet Light Lot Depth 120.00 Lot Description 1/2 To < 1 AcreInterior LotIrregular LotPublic Road Lot Dimensions 200X120 Lot Frontage 200.00 Roads City/County Maint.Public Trees None Waterfront YN No

Property Features

Auction No Available Docs AppraisalPlat MapsSurvey Comp Plan Use Intensive DvlpmntOpen LandSuburbanTransition Contingent Active Under Contract Contingents None Development Status Recorded Plat Homeowners Association None Land Type Single Family Detached List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Beach AreaCentral Business DstCityCountySubdivision Miscellaneous Clearing Required Parcels 2 REO No Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Special Info Comforms To ZoningRezone Required Style Hotel / MotelMulti-Family Med DenSingle Family Subdivision Info None Tax Amount 19768.00 Tax Year 2021 Terms Considered CashConventionalExchange Usage Other Usage Utilities Available CableElectricPublic WaterTrash RemovalUnderground Utilities On Site CableElectricElectric Service AvailableMunicipal SewerPublic Water Zoning Rl - Medium Den

Listing provided courtesy of United Realty Group Inc: (954) 450-2000. Listing information © 2022 BeachesMLS
 
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