Interior
- Bathrooms
- 0
Active · Office
$899,000
96 NE 5th Avenue 96, Delray Beach, FL 33483
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1971
- Lot size
- 87,120 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Fountain Square is a well-known downtown landmark in Delray Beach, located less than one block from Atlantic Avenue on Federal Highway. This highly sought-after office condominium, Unit 96, is one of only two offices on the second floor. The space features four spacious private offices, a conference room, kitchenette, and private bathroom. A large association-owned parking lot is located west of the building, with additional parking available on the north and west sides. The property is currently tenant-occupied; however, the landlord may terminate the lease with 90 days' notice. A floor plan and 3D Matterport virtual tour are available through the listing. Monthly condominium maintenance fee is $766.
Property location
Get Directions96 NE 5th Avenue 96, Delray Beach, FL 33483
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Facts & features
Exterior & Structure
- Property type
- Office
- Year built
- 1971
- Lot size
- 87,120 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Palm Beach
- MLS listing ID
- R11156885
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$1,759
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $4,262/mo
- Down payment
- $224,750
- Loan amount
- $674,250
- Annual NOI
- $30,032
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.