Melinda Sitku
Noble Int'l Realty & Prop Mgt
(954) 620-8780
35 Total Sales
2 in Downtown Delray Beach
$399,700 Price Range
180 SW 5th Ave Delray Beach, FL 33444
Downtown Delray Beach NeighborhoodEstimated Value: $791,149
Studio
5
Baths
1,968
Sq Ft
$402/Sq Ft
Est. Value
Highlights
- Garden View
- Efficiency Studio
- Patio
- No HOA
- Air Conditioning
- Ceramic Tile Flooring
About This Home
As of December 2023Attention savvy investors! This multi family property comes with one current lease in place for all 5 units. The 5 units include an efficiency, 2 2/1 & 2 1/1. Located within close proximity of Atlantic Avenue in East Delray has a cap rate of over 7% giving the buyer a healthy return on their investment.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,322
Year Built
- Built in 1959
Lot Details
- 6,717 Sq Ft Lot
- Fenced
Parking
- Open Parking
Home Design
- Quadruplex
- Frame Construction
- Composition Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 5 Bathrooms
- 1,968 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Efficiency Studio
- Ceramic Tile Flooring
- Garden Views
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
Schools
- Pine Grove Elementary School
- Carver; G.W. Middle School
- Atlantic High School
Utilities
- Air Conditioning
- Cooling System Mounted To A Wall/Window
- Heating Available
- Three-Phase Power
Listing and Financial Details
- Total Actual Rent $72,000
- Tenant pays for water
- Assessor Parcel Number 12434616010220190
Community Details
Overview
- No Home Owners Association
- 4 Units
- Town Of Delray Beach Subdivision
Building Details
- Gross Income $72,000
- Net Operating Income $56,578
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2023
Closed on
Dec 11, 2023
Sold by
Bought by
Buyer's Agent
Antony Kritharis
Illustrated Properties
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,149
Avg. Annual Appreciation
1.53%
Purchase Details
Closed on
Nov 28, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 4, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.47%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 13, 1997
Sold by
Bought by
Purchase Details
Closed on
Jan 27, 1997
Sold by
Bought by
Purchase Details
Closed on
Jan 9, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Delray Beach, FL
-
Melinda Sitku
-
Eric Pruitt
Eric Pruitt
RE/MAX Select Group
(561) 530-2509
197 Total Sales
3 in Downtown Delray Beach
$950,000 Price Range
-
Courtney Smitheman
Courtney Smitheman
Crane Reed Properties, LLC
(561) 867-3666
84 Total Sales
2 in Downtown Delray Beach
$705,000 Price Range
-
Stephan Meyer
Stephan Meyer
Keller Williams Realty Services
(561) 933-9382
74 Total Sales
2 in Downtown Delray Beach
$874,498 Price Range
-
Eric Levy
Eric Levy
Coldwell Banker
(561) 562-4515
84 Total Sales
2 in Downtown Delray Beach
$650,000 Price Range
-
Robert Piccolo
Robert Piccolo
Dynasty Realty Group Inc
(954) 335-3834
11 Total Sales
1 in Downtown Delray Beach
$860,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $760,000 | Clear Lake Title Services | ||
| $45,000 | First Priority Title Company | ||
| $195,000 | -- | ||
| $100 | -- | ||
| $100 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $30,000 | ||
| Previous Owner | $375,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $225,000 | ||
| Previous Owner | $152,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/11/2023 12/11/23 | Sold | $760,000 | -4.9% | $386 / Sq Ft |
| 11/11/2023 11/11/23 | Pending | -- | -- | -- |
| 10/13/2023 10/13/23 | For Sale | $799,000 | -- | $406 / Sq Ft |
Source: MIAMI REALTORS® MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $8,975 | $403,644 | ||
| 2024 | $8,975 | $466,003 | ||
| 2023 | $5,315 | $174,878 | $175,960 | $233,983 |
| 2022 | $4,365 | $158,980 | $0 | $0 |
| 2021 | $3,865 | $218,783 | $62,500 | $156,283 |
| 2020 | $3,660 | $210,462 | $58,000 | $152,462 |
| 2019 | $3,468 | $199,045 | $53,000 | $146,045 |
| 2018 | $3,008 | $166,700 | $54,232 | $112,468 |
| 2017 | $2,802 | $148,507 | $36,155 | $112,352 |
| 2016 | $2,622 | $89,740 | $0 | $0 |
| 2015 | $2,327 | $81,582 | $0 | $0 |
| 2014 | $2,178 | $74,165 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Snook
Seller Co-Listing Agent in 2023
Amy Snook
Lang Realty/Delray Beach
(954) 445-4545
43 in this area
191 Total Sales
-
Antony Kritharis
Buyer's Agent in 2023
Antony Kritharis
Illustrated Properties
(561) 997-4068
6 in this area
46 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: R10927352
APN: 12-43-46-16-01-022-0190
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.
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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