500 NE 48th Street, Boca Raton, FL 33431

$750,000

Virtual Tour

https://www.propertypanorama.com/500-NE-48th-Street-Boca-Raton-FL-33431/unbranded

Property Type: Residential Income Square Footage: 2,654 Status: Closed

Current Price: $750,000 List Date: 10/18/2021 Last Modified: 8/06/2026

Overview

Description

Rarely available oversized Duplex in prime east Boca Raton FL 2 units approximately 1,327 sq ft each side. both units were set up as 3 BR; completely renovated in the last 2.5 years including the kitchen, bathrooms and appliances. Washer and dryer in the both units (1 set in the last year or so) newer roof (in the last year) Hurricane Shutters, double front doors, newer gutters, large fenced yard with fruit trees, plenty of parking, separate utility meters. 2 tenants in place, always rented and waiting list as well. All best Boca Raton A rated schools, Close to FAU shopping and restaurants. Great for investors or an owner to live in one and rent the 2nd one. See broker remarks

Listing Details MLS# R10752788

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 2654
Building Area Source: Public Records
Living Area Main: 2654
Year Built: 1982
Gated Community YN: No
Lot Size Area: 8625
Lot Size Acres: 0.2
Lot Size Dimensions: 75.0 ft x 115.0 ft
Senior Community YN: No
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: Sidewalks; None Documents Available: Other Electric: Three Phase Fencing: Fenced Flooring: Other Leasing Permitted Details: Okay To Lease Property Condition: Resale Tenant Pays: Cable TV; Electricity; Water Source Of Expenses: Owner Provided; Other Construction Materials: CBS; Other Cooling: Central Air Heating: Other Listing Terms: Cash; Conventional Lot Features: Fruit Tree(s) Possession: Close Of Escrow Roof: Composition; Other Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler; Zoned Sprinkler Tax Information: City/County; No Homestead Utilities: Cable Available; Water Available View: Garden; Other Water Access: None Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied; Text Listing Agent Unit 1 Appliances: Dryer; Washer Unit 1 Interior Features: Split Bedroom Plan Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 2 Interior Features: Split Bedroom Plan Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen; Laundry Room Contingencies: Backup Contract/Call LA Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 799000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 500
Street Direction Prefix: NE
Street Name: 48th
Street Suffix: Street
City Name: Boca Raton
State Or Province: FL
Postal Code: 33431
Postal Zip: 33431
Subdivision Name: VILLA RICA
Area: 4250
Geographic Area: PB02
Elementary School: J. C. Mitchell
Middle Or Junior School: Boca Raton Community
High School: Boca Raton
Parcel Number: 06434708040200010
Zoning: R3 (city)/MULT
Directions: Federal Hwy North to 48th st make a left will be on the corner of 48th st and 5th ave
Multiple Offers Accepted: Yes

Financial Information

Tax Annual Amount: 6420.61
Tax Year: 2020
Tax Legal Description: VILLA RICA LTS 1 & 2 BLK 20

Status Change Information

Major Change Timestamp: 2022-02-15T23:07:52Z
Major Change Type: Status Change
Price Change Timestamp: 2021-12-29T22:29:39Z
Status Change Date: 2022-02-15
Under Contract Date: 2022-01-07
Close Date: 2022-02-15
Close Price: 750000
Buyer Financing: Conventional

More Information

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Income: 52200
Annual Total Expense: 0

Storm Protection

Accordian Shutters: Partial

Unit 1 Details

Actual Rent: 2350
Baths Full: 2
Furnished: Unfurnished
SqFt: 1327

Unit 1 Lease Description

Lease Expiration: 2022-05-14

Unit 2 Details

Actual Rent: 2000
Baths Full: 2
Furnished: Unfurnished
SqFt: 1327

Buyer Details

Zip Code: 33431

Price Calculations

Current Price To SqFt: 282.59
Original List Price To Close Price: 1.06

Originating Details

Originating System Key: 20211015145112763756000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Application Fee Details

Application Fee: 0

Association Amenities

Sidewalks: Yes
None: Yes

Electric

Three Phase: Yes

Flooring

Other: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

Other: Yes

Fencing

Fenced: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Utilities

Cable Available: Yes
Water Available: Yes

View

Garden: Yes
Other: Yes

Heating

Other: Yes

Sprinkler Description

Auto Sprinkler: Yes
Zoned Sprinkler: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes
Other: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Fruit Tree(s): Yes

Roof

Composition: Yes
Other: Yes

Source Of Expenses

Owner Provided: Yes
Other: Yes

Cooling

Central Air: Yes
Electric: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Listing Agent Must Accompany: Yes
Occupied: Yes
Text Listing Agent: Yes

Tax Information

City/County: Yes
No Homestead: Yes

Contingencies

Backup Contract/Call LA: Yes

Unit 1 Appliances

Dryer: Yes
Washer: Yes

Unit 1 Interior Features

Split Bedroom Plan: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 1 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Interior Features

Split Bedroom Plan: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 3 Details

Actual Rent: 0
SqFt: 0

Unit 4 Details

Actual Rent: 0
SqFt: 0

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Realty Home Advisors Inc

Last Updated: August - 06 - 2026

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