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285 NW 15th Street, Boca Raton, FL 33432

$2,000,000

Property Type: Commercial Sale Square Footage: 7,380 Status: Closed

Current Price: $2,000,000 List Date: 2/09/2024 Last Modified: 6/09/2026

Overview

Description

RARE OPPORTUNITY to own multi family in Boca Raton. Property is centrally located in Boca Raton near FAU, Boca Regional Hospital, minutes from the beach. Rents very easily. Current cap rate at listed price is 6%. Roof done recently along with the driveway. Don't miss this chance to invest in highly desirable Boca Raton area. For any showing appointments send either proof of funds, or pre approval letter along with the proof of funds if client cannot pay completely in cash.

Listing Details MLS# F10423221

General Property Information

Number Of Buildings: Yes
Property Sub Type: Multi Family
Number Of Units Total: 7
Price Per Unit: 357000
Building Area Main: 7380
Parking Total: 14
Lot Size Area: 23249
Lot Size Acres: 0.53
Stories Total: 2
Leasable Area: 7380

Property Features

Location of Property: Central Business District; City Location Sale Includes: Land Listing Terms: Cash; Conventional; Cryptocurrency; Owner Will Carry Showing Requirements: Appointment Only Contingencies: None

Contract Information

Comp Sale YN: No
Original List Price: 2499999

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 285
Street Direction Prefix: NW
Street Name: 15th
Street Suffix: Street
City Name: Boca Raton
State Or Province: FL
Postal Code: 33432
Postal Code +4: 1515
Area: 4180
Geographic Area: PB04
Parcel Number: 06434717280160040
Zoning: R3C

Financial Information

Tax Annual Amount: 25952
Tax Year: 2023
Tax Legal Description: BOCA RATON HILLS SEC 2 LT 4 BLK 16

Status Change Information

Major Change Timestamp: 2024-03-28T12:06:29Z
Major Change Type: Status Change
Status Change Date: 2024-04-07
Under Contract Date: 2024-02-26
Close Date: 2024-03-28
Close Price: 2000000
Buyer Financing: Conventional

More Information

Meter Information

Number Of Meters Total: 7

Short Sale Details

Lender Approval: Approved
Short Sale Addendum: No

Income and Expenses

Occupancy Percentage: 100

Description of Unit Type 1

Unit Type: 2 Bedroom
Units Total: 7
Half Baths: 3
Furnished: No
Annual Rent: 2500

Concessions

Seller Concessions: No

Price Calculations

Current Price To SqFt: 271
Original List Price To Close Price: 0.8

Section Details

Parcel Number MLX: 0040

Originating Details

Originating System Key: 578110992
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: FLL

Location of Property

Central Business District: Yes
City Location: Yes

Sale Includes

Land: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Cryptocurrency: Yes
Owner Will Carry: Yes

Showing Requirements

Appointment Only: Yes

Contingencies

None: Yes

Listing Office: Acme Realty

Last Updated: June - 09 - 2026

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