For Sale
$1,850,000
607 Ne 7th Avenue Ne, Delray Beach, FL 33483
Quadplexes
Property Size3,404 SF
Price / SF$543.48
Days on Market14
Property Features for 607 Ne 7th Avenue Ne
General Information
Standard status
Active
Size
3,404 SF
Property subtype
ResidentialIncome
Zoning
RM(cit
Taxes and HOA fees
Annual Taxes
$20,068
Amenities
Other
Yes
No
LessThanQuarterAcre
Public, None
9504.0
0.0
< 1/4 Acre
3404.0
Building Details
Building Size
3,404 SF
Year Built
1971
Stories
1
Listing Agency:
(772) 888-1826
Listed By:
Dawn Burlace
Source:
Floridarealestatenavigators
Added: Oct 19
Changed: Oct 31
Last Checked: Oct 31 at 2:55AM
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 Dawn Burlace
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,744
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,880
$1.1M
Cap Rate 7%
$810,629
$810.6K
Cap Rate 9%
$630,489
$630.5K
Market Conditions
NOI Build-Up for 3,404 SF
Gross rent
$85.8K $25.20/SF
− Vacancy
−$4.7K −$1.39/SF
EGI
$81.1K $23.81/SF
− OpEx
−$24.3K −$7.14/SF
NOI
$56.7K $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%
$1,134,880
Cap Rate 7%
$810,629
Cap Rate 9%
$630,489
Alternative Uses
Best Use
Multifamily LT 5
$810.6K
$709.3K – $945.7K
NOI $56,744 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$747.9K
$654.4K – $872.5K
NOI $52,351 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,810 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
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Business Placement
Demographics for 33483, FL
13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this quadplex located?
The property is located at 607 Ne 7th Avenue Ne Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,850,000.
