Cays Realty
108 Normandy Lane C, Delray Beach, FL 33484 — MLS photo

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108 Normandy Lane C, Delray Beach, FL 33484

Active · Condominium

$145,000

108 Normandy Lane C, Delray Beach, FL 33484

Beds
2
Baths
2
Living area
907 sq ft
$ / sq ft
$160/sq ft
Year built
1980
Lot size
—
HOA fee
$750 Monthly
Annual tax
$1,800

About this property

Turnkey investment opportunity in Kings Point! First-floor 2BD/2BA fully remodeled condo generating immediate cash flow, rented at $1,800/month through Oct 2027. Features modern finishes and in-unit washer/dryer—no elevator needed! Situated in desirable Normandy C within Delray's premier 55+ gated community. Enjoy resort-style living: 3 clubhouses, heated pools, 1,000-seat theater, fitness centers, golf courses, pickleball/tennis, courtesy shuttle, and on-site dining. Minutes from Downtown Delray's Atlantic Ave, beaches, shopping, and I-95/Turnpike. Tenant allows showings twice a week. Call listing agent to schedule. Great cash-flowing asset!

Property location

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108 Normandy Lane C, Delray Beach, FL 33484

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
907 sq ft
Flooring
Ceramic Tile, Hardwood, Tile, Wood
Appliances
Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Ceiling Fans
Heating
Central
Interior features
Bedroom On Main Level, Kitchen Island, Main Level Primary, Walk In Closets
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1980
Stories
2
Lot size
0 sq ft
Roof
Flat, Tile
Construction
Block, Stucco
Exterior features
Enclosed Porch
Pool
None, Association, Community

Parking

Covered spaces
0
Parking features
Assigned, One Space

HOA, Community & Financials

Association fee
$750 Monthly
Fee inclusions
Common Area Maintenance, Cable Tv, Insurance, Security
Amenities
Basketball Court, Billiard Room, Library, Pool, Transportation Service
Security
Smoke Detectors
Pets allowed
No
Annual tax
$1,800
Subdivision
KINGS POINT
County
Palm Beach
Days on market
127
MLS listing ID
B26031099
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$141

Cap rate
6.9%
Net yield
6.9%
Cash-on-cash return
4.2%
Gross yield
16.8%
Mortgage payment
$687/mo
Down payment
$36,250
Loan amount
$108,750
Annual NOI
$9,935

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