5700 NW 2nd Avenue 509, Boca Raton, FL 33487 — MLS photo

Active · Condominium

$224,900

5700 NW 2nd Avenue 509, Boca Raton, FL 33487

Beds: 3
Baths: 2
Living area: 1,200 sq ft
$ / sq ft: $187/sq ft
Year built: 1970
Lot size: —
HOA fee: $743 Monthly
Annual tax: $3,441

About this property

East Boca 3/2 all ages Condo in great Boca school zones! Assessment fully paid! Updated open kitchen with granite counters and stainless steel appliances, new washer dryer. Enjoy spectacular sunrises from your covered screened balcony looking east all the way to oceanfront condos. Minutes away from both downtown Delray Beach and downtown Boca Raton, shopping, beaches, highway, restaurants, schools, Palm Beach College, Florida Atlantic University. Convenient to both Palm Beach International Airport and Fort Lauderdale International Airport.

Property location

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5700 NW 2nd Avenue 509, Boca Raton, FL 33487

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Facts & features

Interior

Bedrooms: 3
Bathrooms: 2
Living area: 1,200 sq ft
Flooring: Clay, Ceramic Tile
Appliances: Dryer, Dishwasher, Electric Range, Disposal, Refrigerator, Washer
Cooling: Central Air, Electric
Heating: Central, Electric
Interior features: Living Dining Room, Main Living Area Entry Level, Tub Shower, Bar, Walk In Closets
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1970
Stories: 7
Lot size: 0 sq ft
Architectural style: One Story
Roof: Composition
Exterior features: Balcony, Storm Security Shutters
Pool: None, Association, Community
View: Garden

Parking

Covered spaces: 0
Parking features: Assigned, Guest

HOA, Community & Financials

Association fee: $743 Monthly
Fee inclusions: Common Area Maintenance, Cable Tv, Internet, Laundry, Recreation Facilities, Reserve Fund, Sewer, Trash, Water
Association: Real Manage
Association contact: 866-473-2573
Amenities: Elevators, Laundry, Maintenance, Pool, Storage, Trash
Security: Intercom, Phone Entry
Pets allowed: No
Annual tax: $3,441
Subdivision: Boca Teeca Condo Unit 03
County: Palm Beach
Days on market: 183
MLS listing ID: B26001126
Listing status: Active

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Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

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Home insurance ($/yr)

Vacancy (%)

Estimated monthly cash flow

$273

Cap rate: 7.1%
Net yield: 7.1%
Cash-on-cash return: 5.2%
Gross yield: 14.8%
Mortgage payment: $1,066/mo
Down payment: $56,225
Loan amount: $168,675
Annual NOI: $16,071

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