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1104 Highland Beach Drive

Highland Beach, FL 33487
  • $4,950,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: RX-11054512
UPDATED: 75 min ago
$4,950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,560
    SQFT
  • $1,086
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

Description

One-of-a-kind opportunity to own the only multi-family complex available in Highland Beach! This is a beautiful turnkey investment property with great cashflow and potential appreciation. You have three fully renovated units which consist of 2 bedrooms and 2 bathrooms each with their own laundry, balconies and a brand new 2025 roof. Each unit also comes equipped with their own garage, private airconditioned pool cabana and all the units have access to the Bel Lido gated beach entrance. With well over 100 FT of waterfrontage, you have long range views of the direct intracoastal. 2 of 3 units are rented with one vacancy. We are currently marketing that unit for rent for $11,000/monthly. There are increased rent possibilities with new tenants and offering the boat slips! Perfect

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www.kaufman-propertiesfl.com/homes/159615479
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1104 Highland Beach Drive Highland Beach, FL 33487

  • Price: $4,950,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 75 min ago
  • ID#: RX-11054512
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,560
SQFT
$1,086
$/SQFT
1984
Built
Neighborhood:
Eleven-O-Four Condo
County:
Palm Beach
Area:
Highland Beach
Property Description
One-of-a-kind opportunity to own the only multi-family complex available in Highland Beach! This is a beautiful turnkey investment property with great cashflow and potential appreciation. You have three fully renovated units which consist of 2 bedrooms and 2 bathrooms each with their own laundry, balconies and a brand new 2025 roof. Each unit also comes equipped with their own garage, private airconditioned pool cabana and all the units have access to the Bel Lido gated beach entrance. With well over 100 FT of waterfrontage, you have long range views of the direct intracoastal. 2 of 3 units are rented with one vacancy. We are currently marketing that unit for rent for $11,000/monthly. There are increased rent possibilities with new tenants and offering the boat slips! Perfect
Exterior Features

Boat Services Over 101 Ft BoatPrivate Dock Carport Spaces 3.00 Construction CBS Exterior Features CabanaDeckOpen BalconyOpen PatioOpen Porch Lot Description 1/4 to 1/2 AcreCul-De-Sac Private Pool Description GuniteHeated Private Pool Dimensions 30x15 Private Pool YN Yes Roof Comp Shingle Storm Protection Impact Glass Complete Unit1 Parking Garage - AttachedOpen Parking Unit2 Parking Garage - Attached Unit3 Parking Garage - Attached View Intracoastal Water Frontage 111 Waterfront Description Canal Width 81 - 120Intracoastal Waterfront YN Yes

Interior Features

Cooling Central Individual Flooring Tile Heating Central Individual Unit1 Bedrooms 2 Unit1 Desc A/C UnitDen/FamilyDishwasherDisposalDryerKitchenLaundryMicrowavePantryPatioRange - ElectricRefrigeratorSmoke DetectorWasher Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 1417 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDen/FamilyDishwasherDryerKitchenLaundryMicrowaveRange - ElectricRefrigeratorSplit BedroomsWasher Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 1401 Unit3 Bedrooms 2 Unit3 Desc A/C UnitDen/FamilyDishwasherDisposalDryerKitchenLaundryMicrowavePatioRange - ElectricRefrigeratorSplit BedroomsWasher Unit3 Full Baths 2 Unit3 Furnished No Unit3 Sq Ft 1442 Window Treatments Blinds

Property Features

Annual Net Operating Income 106000.00 Annual Total Expenses 71000.00 Auction No Available Info DepositLeases Built Desc Resale Gated Community No Gross Operating Income 177000.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes Trash Removal Multifamily Type Triplex Possession At Closing REO No Restrictions Lease OK Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 5010.00 Subdivision Amenities Beach Club AvailablePool Tax Amount 17364.30 Tax Year 2024 Taxes City/County Tenant Pays CableElectricWater Terms Considered CashConventionalOther Unit1 Monthly Income 8250.00 Unit2 Monthly Income 6500.00 Unit3 Monthly Income 0.00 Utilities CableElectricPublic Water Zoning RML(ci

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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432