859 Jeffery Street 401, Boca Raton, FL 33487 — MLS photo

Active · Condominium

$550,000

859 Jeffery Street 401, Boca Raton, FL 33487

Beds: 3
Baths: 2
Living area: 1,682 sq ft
$ / sq ft: $327/sq ft
Year built: 1978
Lot size: —
HOA fee: $1,785 Monthly
Annual tax: $2,812

About this property

Spacious 3 BR 2 BA corner apartment overlooking the marina, with tropical views and sunsets. Enjoy two large balconies great for entertaining friends and family. This apartment features a split floor-plan with large floor to ceilings windows, full size washer and dryer, and tile floors through-out. Can be sold furnished or unfurnished. The community recently completed a $14.4 million dollar renovation for complete modernization, including concrete, balconies, lobby, hallways, common areas, and much more. Porta Bella East offers many amenities such as tennis courts, fitness facilities, boating accommodations ($2.50 per ft), and resort style pool overlooking the intracoastal. Google PortaBellaEast for more information.

Property location

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859 Jeffery Street 401, Boca Raton, FL 33487

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Facts & features

Interior

Bedrooms: 3
Bathrooms: 2
Living area: 1,682 sq ft
Flooring: Ceramic Tile
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling: Central Air, Electric
Heating: Central, Electric
Interior features: Kitchen Dining Combo, Living Dining Room, Split Bedrooms, Shower Only
Furnished: Partially

Exterior & Structure

Property type: Condominium
Year built: 1978
Stories: 8
Architectural style: Mediterranean
Roof: Tar Gravel
Construction: CBSConcrete Block Structure, Block
Exterior features: Balcony, Storm Security Shutters
Pool: None, Association, Community
Spa: Community
Waterfront: Canal Front, Intracoastal Access, Intersecting Canal, No Fixed Bridges, Ocean Access

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Assigned, Covered, Detached, Garage, One Space

HOA, Community & Financials

Association fee: $1,785 Monthly
Fee inclusions: Common Area Maintenance, Cable Tv, Insurance, Internet, Pest Control, Sewer, Security, Trash, Water
Amenities: Boat Dock, Billiard Room, Marina, Bike Storage, Clubhouse, Controlled Access, Elevators, Fitness Center, Library, Barbecue, Picnic Area, Pool, Putting Greens, Guard, Spa Hot Tub, Security, Storage, Tennis Courts
Security: Gated With Guard, Intercom, Key Card Entry, Lobby Secured, Phone Entry, Security System, Smoke Detectors, Security Guard
Pets allowed: No
Annual tax: $2,812
Subdivision: PORTA BELLA EAST AND PORTA
County: Palm Beach
Days on market: 469
MLS listing ID: R11105288
Listing status: Active

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Estimated monthly cash flow

-$861

Cap rate: 3.8%
Net yield: 3.8%
Cash-on-cash return: -6.7%
Gross yield: 9.9%
Mortgage payment: $2,607/mo
Down payment: $137,500
Loan amount: $412,500
Annual NOI: $20,950

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.