2600 NE 5th Avenue, Boca Raton, FL 33431

Overview

Description

Amazing opportunity to own a DUPLEX investment in the heart of downtown Boca Raton. Two large 2/2's each with private screened patio and private fenced yard. Spacious remodeled kitchens w/eat-in areas, granite counters, 2018 or newer appliances, large living rooms and full size washer/dryer in each unit. Huge upside potential as rents are below market. Close to FAU, hospital, beaches and all Boca has to offer, so tenants will always be plentiful. 2020 roof, hurricane shutters, auto-sprinkler system, 2010 electric panels, ACs (2018) & (2014) Hot investment opportunity! Rarely available and high potential!

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 2943
Building Area Source: Public Records
Living Area Main: 2128
Year Built: 1962
Gated Community YN: No
Lot Size Area: 7958
Lot Size Acres: 0.18
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: None Documents Available: Copy Of Lease(s) Electric: Three Phase Fencing: Fenced Flooring: Ceramic Tile Property Condition: Resale Structure Type: Duplex Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Central Air Heating: Central; Electric Listing Terms: Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow Restrictions: No Restrictions Roof: Composition Sewer: Public Sewer Sprinkler Description: Auto Sprinkler Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Outdoor Living Spaces: Patio Patio Details: Patio - Covered; Patio - Screened Unit 1 Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer Unit 1 Interior Features: Walk-In Closet(s) Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 1 Parking Features: Open Parking Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 2 Parking Features: Open Parking Unit 2 Rooms: Kitchen; Laundry Room Contingencies: None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 799000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 2600
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Avenue
City Name: Boca Raton
State Or Province: FL
Postal Code: 33431
Postal Zip: 33431
Subdivision Name: BOCA WOODS
Area: 4250
Geographic Area: PB02
Elementary School: J. C. Mitchell
Middle Or Junior School: Boca Raton Community
High School: Boca Raton
Parcel Number: 06434717040010090
Zoning: R2(cit
Directions: Fed Hwy to NE 25th Terrace to NE 5th Ave

Financial Information

Tax Annual Amount: 9051.27
Tax Year: 2024
Tax Legal Description: BOCA WOODS LT 9 BLK 1

Status Change Information

Major Change Timestamp: 2025-06-11T18:16:08Z
Major Change Type: Status Change
Status Change Date: 2025-06-11
Under Contract Date: 2025-05-21
Close Date: 2025-06-11
Close Price: 770000
Buyer Financing: Cash

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: No

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 17406
Gross Income: 42480
Net Operating Income: 25074

Storm Protection

Accordian Shutters: Complete

Unit 1 Details

Actual Rent: 1770
Baths Full: 2
Furnished: Unfurnished
SqFt: 1471

Unit 1 Lease Description

Lease Expiration: 2026-02-28

Unit 2 Details

Actual Rent: 1770
Baths Full: 2
Furnished: Unfurnished
SqFt: 1471

Unit 2 Lease Description

Lease Expiration: 2025-10-31

Price Calculations

Current Price To SqFt: 361.84
Original List Price To Close Price: 1.03

Originating Details

Originating System Key: 20250212213217254757000000
Originating System ID: M00000170