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Highland Beach 4-plex Beauty-Seller Motivated 1121 Bel Air Dr 4 Unit Apartment Building $7,537,968 CAD ($1,884,492 CAD/Unit) 4.77% Cap Rate Highland Beach, FL 33487
INVESTMENT HIGHLIGHTS
- Exquisite 8000+sf quadrplex in Prestigious Boca Raton/Highland Beach,FL location with 60'Boating Dock and Private Deeded Beach Access
- Own a prestigious quadplex spanning over 8,000 sq ft in the heart of Highland Beach
- Situated along the serene Intracoastal Waterway with its prime location, high rental demand, and versatile usage options.
EXECUTIVE SUMMARY
BACK ON THE MARKET & Seller is now Motivated! You can now own a prestigious quadplex with over 8000 sq ft in the heart of Highland Beach, offering a luxurious coastal lifestyle with exceptional income potential. Nestled along the serene Intracoastal waters with deeded beach access, this one-of-a-kind property is just minutes from Downtown Delray & Boca Raton, making it a prime investment for owner-residents or savvy investors. This quadplex generates an impressive annual income of over $354K, making it a highly desirable asset in the rental market. Perfect for Owner-Resident Investors, live in one and rent out the others, or capitalize on this high-demand rental property. This property is ideal for owner-residents looking to offset costs or investors seeking a lucrative revenue stream.
All 4 units are tenant occupied so please do not walk the property. All information and measurements deemed reliable but to be verified by buyer. The lease end dates are TH#1 $6700 ends 04/30/26; TH #2 $6000 ends 03/31/2026; TH#3 $6825 ends 1/31/26 TH#4 $10000 and ends in May 31, 2026.
Need to give tenants 48hr advance notice for showings.
All 4 units are tenant occupied so please do not walk the property. All information and measurements deemed reliable but to be verified by buyer. The lease end dates are TH#1 $6700 ends 04/30/26; TH #2 $6000 ends 03/31/2026; TH#3 $6825 ends 1/31/26 TH#4 $10000 and ends in May 31, 2026.
Need to give tenants 48hr advance notice for showings.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $7,537,968 CAD | Building Class | C |
| Price Per Unit | $1,884,492 CAD | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 8,100 SF |
| Cap Rate | 4.77% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2016 |
| Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | RML Boca Raton, FL - Residential Multi-Family Low Density | ||
| Price | $7,537,968 CAD |
| Price Per Unit | $1,884,492 CAD |
| Sale Type | Investment |
| Cap Rate | 4.77% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 8,100 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2016 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | RML Boca Raton, FL - Residential Multi-Family Low Density |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Breakfast Nook
- Deck
- Dock
- Freezer
- Loft Layout
- Patio
- Vacuum System
- Vinyl Flooring
- Wet Bar
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- Pool
- Roof Terrace
- Dock
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+3.5 | 1 | $13,959 CAD | 2,757 |
| 3+2.5 | 3 | $8,951 CAD | 1,569 - 2,049 |
1 1
PROPERTY TAXES
| Parcel Number | 24-43-47-04-02-001-0100 | Total Assessment | $5,300,381 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
24-43-47-04-02-001-0100
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$5,300,381 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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Highland Beach 4-plex Beauty-Seller Motivated | 1121 Bel Air Dr
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