MFH Triplex 3/2 with 3,210 SF in Delray Beach. Estimated repairs $50K. Strong ARV of $2,100,000 offers 25% equity spread. Potential 9.9% gross rent yield at $13,000/mo. Wholesaler-vetted deal from Home Venture Investments.
3 Beds
2 Baths
3,210 Sqft
Built 1987
MFH Triplex
13,342 Sqft Lot
Asking
$1.6M
Wholesaler Price
ARV
$2.1M
Wholesaler Estimate
Spread
$520K
75¢ on the dollar
Overview
Big Tickets
Roof
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Property Details
Public Records
1
Stories
13,342 SF
Lot Size
Stucco
Exterior
Composition Shingle
Roof Type
RM
Zoning
TROPIC ISLE 2ND
Subdivision
Highlights
$520K spread
ARV $2100K
$50K repairs
$13,000/mo rent
Multi-family
Sales Comps
Rocket
Subject
Comp
No comps available
Rental Income
Rocket
$12,530/mo
Market Rent Estimate
$6,250
$18,820
$150,360
Annual Rent
9.5%
Gross Yield
$3.90
Rent/Sqft
$4177
Per Bedroom
Tax & Assessment
Public Records
Assessed Value
$972,261
Annual Tax
$15,139
Tax Year
2024
Effective Tax Rate
1.56%
Sale History
Public Records
Last Sold: 2005-04-04T00:00:00.000Z
$600,000
+250% appreciation ($1.5M) in 21 years
