$1,175,000

1040 Miami Blvd Unit 1,2,3 Delray Beach, FL 33483

Downtown Delray Beach Neighborhood

Estimated payment $7,537/month

Total Views 3,293
-- Bed
-- Bath
2,482 Sq Ft
$473 Price per Sq Ft

Highlights

  • Water Views
  • Room in yard for a pool
  • Tile Flooring
  • Boca Raton Community Middle School Rated A-
  • Impact Glass
  • Central Heating and Cooling System

About This Home

This East Delray Beach move-in-ready triplex, situated on a large double lot with no rear neighbors offers a prime location. The property boasts a new roof and city water (2023) and units are separately metered for electricity and water. Well water and a new well pump for irrigation. The layout features two large 2-bed/1-bath corner units and one spacious 1-bed/1-bath unit, each equipped with a washer and dryer.Each unit includes key upgrades:Unit A: New washer & dryer.Unit B: New water heater and new refrigeratorUnit C: New A/C, Fridge, & washer/dryer.Additional highlights include a freshly painted exterior and six parking spaces in front of the property. Mature coconut palms, pretty curb appeal and property is located East of Dixie. New development on the block two doors down

Listing Agent

Jeremy Olsher

Compass Florida LLC License #3184613 Listed on: 03/10/2025

Compass Florida LLC

Co-Listing Agent

Brittany Cartwright

Compass Florida LLC License #3310618

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,903

Year Built

  • Built in 1975

Lot Details

  • 0.28 Acre Lot
  • Fenced
  • Sprinkler System

Property Views

  • Water
  • Garden

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,482 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Tile Flooring
  • Impact Glass

Pool

  • Room in yard for a pool

Schools

  • Pine Grove Elementary School
  • Boca Raton Community Middle School
  • Boca Raton Community High School

Utilities

  • Central Heating and Cooling System
  • Well

Listing and Financial Details

  • Assessor Parcel Number 12434621130050010
  • Seller Considering Concessions

Community Details

Overview

  • 3 Units
  • Silver Terrace Delray Subdivision

Building Details

  • Operating Expense $21,368
  • Net Operating Income $39,232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,903

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: Located East of Old Dixie Hwy and West of US1, North of Linton Blvd and South of SW 10th St.Off Old Dixie, head to Wilson Ave, head East on Wilson. Drive to Miami Blvd, property on North West side
  • Year Built: 1975
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 2482.0
  • Window Features: Blinds, Impact Glass

Exterior Features

  • Exterior Features: Fence, Room For Pool
  • View: Garden, Water
  • Lot Features: Sprinklers Automatic, Sprinkler System
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public, Well

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Pine Grove
  • High School: Boca Raton Community
  • Middle Or Junior School: Boca Raton Community

Lot Info

  • Parcel #: 12434621130050010
  • Lot Size: 110x100 irreg
  • Lot Size Sq Ft: 12248.0
  • Zoning Description: SAD(ci

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 39232.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 21368.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11903.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,903 $600,676 -- --
2023 $10,774 $546,069 $145,098 $400,971
2022 $8,221 $389,538 $0 $0
2021 $7,574 $354,125 $85,448 $268,677
2020 $7,636 $354,193 $85,448 $268,745
2019 $7,800 $365,772 $99,000 $266,772
2018 $6,910 $321,464 $91,806 $229,658
2017 $4,173 $200,821 $91,806 $109,015
2016 $3,878 $156,816 $0 $0
2015 $3,736 $142,560 $0 $0
2014 $3,398 $129,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 For Sale $1,175,000 -- $473 / Sq Ft
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $750,000 Dickinson Wright Pllc
Warranty Deed $425,000 Attorney
Warranty Deed $167,000 Gibraltar Title & Escrow Com
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $562,500 New Conventional
Previous Owner $300,000 Commercial
Previous Owner $133,600 Purchase Money Mortgage
Source: Public Records

Source: BeachesMLS

MLS Number: R11069829

BeachesMLS

APN: 12-43-46-21-13-005-0010

Florida Palm Beach County Delray Beach 33483 Downtown Delray Beach

1040 Miami Blvd Unit 1,2,3, Delray Beach, FL

This home is located at 1040 Miami Blvd Unit 1,2,3, Delray Beach, FL 33483 and is currently priced at $1,175,000, approximately $473 per square foot. This property was built in 1975. 1040 Miami Blvd Unit 1,2,3 is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, Boca Raton Community Middle School, and Boca Raton Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Jeremy Olsher
Listing Agent
Jeremy Olsher
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Compass Florida LLC
(561) 489-6441