226-218 Northeast 5th Terrace

Delray Beach, FL 33444

$2,030,000
Last Sold Price
24,000 / 0.55
Lot Size / Acres

Description

This property is 2 buildings on a parcel each, currently used as a Multi Family Quad plex intersecting parcels: 218- 226 NE 5th Terrace. Combined lots 24,000 sq ft per Property Appraiser. Land Use: MULTI-FAMILY (0800) Zoning: RL (city)/MULTI-FAMILY RESIDENTIAL (MEDIUM DENSITY) DISTRICT Income figures based on current short-term rentals, and vacation booking rentals at present time. Major Redevelopment opportunity in the heart of Delray Beach | 2 blocks north of Pineapple Grove, and 5 blocks north...This property is 2 buildings on a parcel each, currently used as a Multi Family Quad plex intersecting parcels: 218- 226 NE 5th Terrace. Combined lots 24,000 sq ft per Property Appraiser. Land Use: MULTI-FAMILY (0800) Zoning: RL (city)/MULTI-FAMILY RESIDENTIAL (MEDIUM DENSITY) DISTRICT Income figures based on current short-term rentals, and vacation booking rentals at present time. Major Redevelopment opportunity in the heart of Delray Beach | 2 blocks north of Pineapple Grove, and 5 blocks north of Atlantic Ave

Property Details for 226-218 Northeast 5th Terrace

Subdivision
DEL IDA PARK
Waterfront
No

Location

Listing Courtesy of United Realty Group Inc

Sold By United Realty Group Inc

Add your commute
LISTING UPDATED: 01/03/2023 04:21 PM

Property Details for 226-218 Northeast 5th Terrace

StatusClosed
MLS #RX-10826732
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeResidential Land/Boat Docks / Single Family Detached
Year Built-
Lot Size0.55 AC
CountyPalm Beach County

Location

Listing Courtesy of United Realty Group Inc

Sold By United Realty Group Inc

Add your commute

Building Information for 226-218 Northeast 5th Terrace

Building Size-Lot Size0.55 AC

Payment Calculator

$11,079 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,079

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 226-218 Northeast 5th Terrace

Summary
Location and General Information
  • Directions: 95 to Exit Atlantic Avenue East then North/Left on NE 2nd Avenue then East/Right on NE 5th Terrace to property on South/Right
  • Geo Area: Palm Beach 4220a; 4230b; 4360a; 4370b
  • Miscellaneous: Clearing Required
  • Special Info: Comforms to Zoning, Rezone Required
  • Street Number: 226 - 218
  • Subdivision Complex Bldg: DEL IDA PARK
  • Municipal Code: Delray Beach
  • State: FL
  • City Postal ID: 33444
  • MLS Area: 4360
  • MLS Sub Area: PB06
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • Tax Year: 2021
Property
Lot Information
  • Area: 4360
  • Comp Plan Use: Intensive Dvlpmnt, Open Land, Suburban, Transition
  • Develop Status: Recorded Plat
  • Front Exp: North
  • HOA Amenities: None
  • Improvements: Drainage, Fenced, Irrigation/Sprnklers, Sidewalk, Street Light
  • Land Use: Hotel / Motel, Multi-Family Med Den, Single Family
  • Lot Description: 1/2 to < 1 Acre, Interior Lot, Irregular Lot, Public Road
  • Lot Dimensions: 200x120
  • Lot Frontage: 200
  • # Parcels: 2
  • Parcel ID: 12434609290090170
  • Parcel ID 2: 12-43-46-09-29-009-0170
  • Property Group ID: 19990816212131825981000000
  • REO: No
  • Roads: City/County Maint., Public
  • Special Assessment: No
  • Trees: None
  • Usage: Other Usage
  • Zoning: RL - Medium Den
  • Front Exposure: North
Property and Assessments
  • Acres: 0.55
  • Legal Desc: DEL IDA PARK LT 17 & E 20 FT OF LT 18 BLK 9
  • Lot Depth: $120.00
  • Legal Description: DEL IDA PARK LT 17 & E 20 FT OF LT 18 BLK 9
Utilities
  • Utilities Avail: Cable, Electric, Public Water, Trash Removal, Underground
  • Utilities On Site: Cable, Electric, Electric Service Available, Municipal Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Ground Cover: Other
  • Subdiv Info: None
Interior Features
  • Guest Accommodations: No
Agent
Agent Only
  • Selling Agent Full Name: Devuyo Frantz Marcelin
  • Selling Office Branch ID: 278523079

Property History for 226-218 Northeast 5th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 226-218 Northeast 5th Terrace

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Plumosa School Of The Arts
PublicPK to 5

Carver Middle School
Public6 to 8

Atlantic High School
Public9 to 12

S. D. Spady Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of United Realty Group Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.