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    Updated First Floor Apartment Title is generated by Realmo AI

    6805 Willow Wood Drive 5014, Boca Raton, FL 33434

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    For Sale
    $325,000

    First-floor apartment with golf views and updated features.

    Type:Condo/Townhome
    Property size:
    1,330 SF
    Price / SF:
    $244/SF
    Added:
    Sep 16, 2024
    Days on Market:
    652
    Last Refresh:
    May 20 at 2:35 am

    Property Features for 6805 Willow Wood Drive 5014

    General Information

    Standard status
    Active
    Size
    1,330 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1981

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    Ira Steven Merritt
    Ira Steven Merritt

    Listing office The Keyes Company

    Listing date Sep 16, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Keyes Company

    HighLights

    • First floor unit with direct terrace access – no elevator needed.
    • Enjoy panoramic golf views from patio and second bedroom.
    • Updated unit featuring in‑unit washer and dryer.
    • A/C installed in 2022.
    • Large terrace incorporated into living space.
    • Golf memberships available.

    Overview

    This first-floor apartment is located in the Willow Wood Midrise building, offering convenient access without the need for an elevator and featuring no steps. The unit includes a large terrace incorporated into the living space and is situated in a well-landscaped area, avoiding views of the parking lot. A small patio off the kitchen provides golf course views, which are also enjoyed from the second bedroom. The unit has been updated and includes a washer and dryer. A new A/C unit was installed in 2022. Golf memberships are available.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $38.9k $29.28
    − Vacancy −$1.8k −$1.32
    EGI $37.2k $27.96
    − OpEx −$16.7k −$12.58
    NOI $20.5k $15.38
    1,330 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $292.2K
    $255.7K – $340.9K (±1% cap)
    NOI $20,454 @ 7.0% cap · market cap 6.29%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $936.7K
    $819.6K – $1.09M (±1% cap)
    NOI $65,566 @ 7.0% cap · market cap 20.17%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.15043
    Latitude
    26.375667

    FAQs

    What type of property is this?
    Residential income property - First-floor apartment with golf views and updated features.
    Where is this residential income property located?
    The property is located at 6805 Willow Wood Drive 5014 Boca Raton, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: First floor unit with direct terrace access – no elevator needed.; Enjoy panoramic golf views from patio and second bedroom.; Updated unit featuring in‑unit washer and dryer.
    More about this property
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