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424 NE Wavecrest Way, Boca Raton, FL 33432

$2,999,850

Property Type: Commercial Sale Square Footage: 8,320 Status: Closed

Current Price: $2,999,850 List Date: 10/18/2018 Last Modified: 5/22/2026

Overview

Description

424-434-444 NE Wavecrest Way 10 Apartments fully leased NOI $105,000 3 buildable duplex townhouse lots collect rents till your ready to develop 6 new townhouses. Lot is 225 ft x 120 ft

Listing Details MLS# R10471734

General Property Information

Property Sub Type: Multi Family
Number Of Units Total: 10
Building Area Main: 8320
Building Area Source: Public Records
Year Built: 1970
Lot Size Area: 522720
Lot Size Acres: 12
Stories: Yes

Property Features

Building Features: Fenced Area Documents Available: Aerial Photo(s); Copy Of Lease(s); Existing Survey; Owner Managed; Title/Abstracts Flooring: Ceramic Tile Heating: Central; Electric Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Land Source Of Expenses: Owner Provided Tenant Pays: Cable TV; Electricity Construction Materials: CBS Cooling: Central Air; Electric Listing Terms: Cash; Conventional Roof: Concrete Security Features: Smoke Detector(s); None Sewer: Public Sewer Special Information: Title Insurance Policy Available; Corporate Owned Water Source: Public Showing Requirements: Call Listing Agent Contingencies: None

Contract Information

Comp Sale YN: No
Original List Price: 3295000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 424
Street Direction Prefix: NE
Street Name: Wavecrest
Street Suffix: Way
City Name: Boca Raton
State Or Province: FL
Postal Code: 33432
Area: 4160
Geographic Area: PB01
Parcel Number: 06434720110010400
Zoning: MFR<10 Units
Directions: Palmetto Park Road East to NE Wavecrest Way turn north to property
Property Description: 10 Units

Financial Information

Tax Annual Amount: 30017
Tax Year: 2017
Tax Legal Description: Boca Raton Riviera Unit D LT 38 39 40 BLK1

Status Change Information

Major Change Timestamp: 2019-01-08T14:28:11Z
Major Change Type: Status Change
Status Change Date: 2019-01-08
Under Contract Date: 2018-10-31
Close Date: 2019-01-08
Close Price: 2999850
Buyer Financing: Conventional

More Information

Building and Property Details

# Of Tenants: 10
# Of Toilets: 10
% Air Conditioned: 100
Maximum Ceiling Height: 8

Meter Information

Number Of Meters Total: 11

Income and Expenses

Gross Income: 141962
Net Operating Income: 105000
Other Expense: 2745
Real Estate Taxes: 30017
Utilities Expense: 4200

Price Calculations

Current Price To SqFt: 360.55
Original List Price To Close Price: 1.09

Originating Details

Originating System Key: 20181011153618195317000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Flooring

Ceramic Tile: Yes

Property Condition

Resale: Yes

Documents Available

Aerial Photo(s): Yes
Copy Of Lease(s): Yes
Existing Survey: Yes
Owner Managed: Yes
Title/Abstracts: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Title Insurance Policy Available: Yes
Corporate Owned: Yes

Building Features

Fenced Area: Yes

Heating

Central: Yes
Electric: Yes

Sale Includes

Building: Yes
Land: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Concrete: Yes

Security Features

Smoke Detector(s): Yes
None: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Air: Yes
Electric: Yes

Showing Requirements

Call Listing Agent: Yes

Contingencies

None: Yes

Listing Office: Lenson Realty Inc.

Last Updated: May - 22 - 2026

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