Renovated
For Sale
$1,070,000
303 De Carie Street, Delray Beach, FL 33444
Permitted improvements include updated kitchens, impact windows, and new mechanical systems.
Property Size2,268 SF
Price / SF$471.78
Days on Market141
Property Features for 303 De Carie Street
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,197
Building Details
Building Size
2,268 SF
Year Built
1958
Buildings
1
Listing Agency:
United Realty Group Inc.
Listed By:
Patrice Cadet · License #3356597
(561) 454-9053
Source:
Palmbeachresidential
Added: Jun 12
Changed: Oct 26
Last Checked: Oct 26 at 2:48PM
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 United Realty Group Inc.
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Investment Insights
Based on property information with market context.
This duplex, built in 1958, has undergone permitted renovations. Improvements include quartz kitchen countertops, updated appliances, impact windows, a metal roof, new air-conditioning units and ductwork, added insulation and soundproofing, and replacement plumbing throughout.
The property is in Delray Beach, near downtown.
The property is in Delray Beach, near downtown.
Key Highlights
- Renovations completed with permits
- Impact windows and metal roof
- New AC units and ductwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,807
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,140
$756.1K
Cap Rate 7%
$540,100
$540.1K
Cap Rate 9%
$420,078
$420.1K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$57.2K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$54.0K $23.81/SF
− OpEx
−$16.2K −$7.14/SF
NOI
$37.8K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,140
Cap Rate 7%
$540,100
Cap Rate 9%
$420,078
Alternative Uses
Best Use
Multifamily LT 5
$540.1K
$472.6K – $630.1K
NOI $37,807 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$498.3K
$436.0K – $581.3K
NOI $34,880 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,808 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Permitted improvements include updated kitchens, impact windows, and new mechanical systems.
Where is this duplex located?
The property is located at 303 De Carie Street Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Renovations completed with permits; Impact windows and metal roof; New AC units and ductwork
