Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,260 sq ft
Active · Condominium
$240,000
7563 Glendevon Lane 1306, Delray Beach, FL 33446
- Beds
- 2
- Baths
- 2
- Living area
- 1,260 sq ft
- $ / sq ft
- $190/sq ft
- Year built
- 1986
- Lot size
- —
- HOA fee
- $650
- Annual tax
- —
About this property
Turnkey Delray Beach Condo with Guaranteed $48,000 Income! Priced to sell, this thoughtfully renovated 2-bedroom, 2-bathroom second-floor condo offers an unbeatable investment or lifestyle opportunity. The unit is already leased from November 1, 2026, through April 30, 2027, at $8,000 a month—handing the new buyer an immediate $48,000 in guaranteed rental income. Plus, closing before November 1st allows you to secure your Gleneagles Country Club membership before the fees increase to $150,000 across all membership options, maximizing your upfront savings. Currently, it's $110,000 for Golf or Tennis/Pickleball, or $150,000 for Social-only Membership. Gleneagles Country Club is Delray Beach's best kept secret! All-ages welcome! It's on Atlantic Avenue within minutes of the beach! Roof 2025
Property location
Get Directions7563 Glendevon Lane 1306, Delray Beach, FL 33446
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1986
- Lot size
- 0 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $650
- County
- Palm Beach
- MLS listing ID
- B26015405
- 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
$327
- Cap rate
- 7.3%
- Net yield
- 7.3%
- Cash-on-cash return
- 5.8%
- Gross yield
- 14.6%
- Mortgage payment
- $1,138/mo
- Down payment
- $60,000
- Loan amount
- $180,000
- Annual NOI
- $17,582
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.