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Four on Tropic 800 Tropic Blvd 4 Unit Apartment Building $3,414,150 CAD ($853,537 CAD/Unit) 8.88% Cap Rate Delray Beach, FL 33483
Investment Highlights
- Fully renovated and turnkey fourplex - can be delivered fully furnished
- Units A & D: Modern 2-bedroom, 1-bath residences, approx. 625 sq. ft. each
- Elegant bathrooms with floor-to-ceiling tile, glass shower enclosures, and modern vanities
- Units B & C: Spacious 2-bedroom, 1-bath residences, approx. 1,000 sq. ft. each
- Brand-new kitchens with quartz counters, stainless steel appliances, and designer lighting
Executive Summary
800 Tropic Blvd - Ultra-Luxury Fourplex in the Heart of Tropic Isles, Delray Beach Experience coastal luxury reimagined at 800 Tropic Blvd, an ultra-luxury fourplex nestled in Delray Beach's coveted Tropic Isles neighborhood. Every unit in this stunning property has been meticulously remodeled, blending timeless sophistication with modern elegance. Each residence features brand-new designer kitchens, luxury vinyl plank flooring, and spa-inspired bathrooms with contemporary finishes. The property offers versatile living options—ideal as a luxury Airbnb or VRBO investment, a seasonal or annual furnished rental portfolio, or a primary residence with strong income potential. Currently collecting over 6,500 to 8,000 during peak months
PROPERTY HIGHLIGHTS
" " Fully renovated and turnkey fourplex - can be delivered fully furnished
" " Units B & C: Spacious 2-bedroom, 1-bath residences, approx. 1,000 sq. ft. each
" " Units A & D: Modern 2-bedroom, 1-bath residences, approx. 625 sq. ft. each
" " Brand-new kitchens with quartz counters, stainless steel appliances, and designer lighting
" " Elegant bathrooms with floor-to-ceiling tile, glass shower enclosures, and modern vanities
" " Luxury vinyl plank floors throughout - stylish, durable, and low maintenance
" " All units currently vacant, perfect for high-end short-term or long-term leasing strategy
" " Available for lease from $3,500 - $4,500 per month
INVESTMENT SUMMARY
This exceptional fourplex presents both a lifestyle and investment opportunity in one of South Florida's most desirable enclaves. With the flexibility for luxury short-term rentals or long-term furnished leases, it offers strong potential cash flow and appreciation in Delray Beach's thriving Tropic Isles submarket.
PROPERTY HIGHLIGHTS
" " Fully renovated and turnkey fourplex - can be delivered fully furnished
" " Units B & C: Spacious 2-bedroom, 1-bath residences, approx. 1,000 sq. ft. each
" " Units A & D: Modern 2-bedroom, 1-bath residences, approx. 625 sq. ft. each
" " Brand-new kitchens with quartz counters, stainless steel appliances, and designer lighting
" " Elegant bathrooms with floor-to-ceiling tile, glass shower enclosures, and modern vanities
" " Luxury vinyl plank floors throughout - stylish, durable, and low maintenance
" " All units currently vacant, perfect for high-end short-term or long-term leasing strategy
" " Available for lease from $3,500 - $4,500 per month
INVESTMENT SUMMARY
This exceptional fourplex presents both a lifestyle and investment opportunity in one of South Florida's most desirable enclaves. With the flexibility for luxury short-term rentals or long-term furnished leases, it offers strong potential cash flow and appreciation in Delray Beach's thriving Tropic Isles submarket.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$426,086
|
$133.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$426,086
|
$133.19
|
| Taxes |
$34,141
|
$10.67
|
| Operating Expenses |
$88,768
|
$27.75
|
| Total Expenses |
$122,909
|
$38.42
|
| Net Operating Income |
$303,177
|
$94.77
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $426,086 |
| Annual Per SF | $133.19 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $426,086 |
| Annual Per SF | $133.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $34,141 |
| Annual Per SF | $10.67 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $88,768 |
| Annual Per SF | $27.75 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $122,909 |
| Annual Per SF | $38.42 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $303,177 |
| Annual Per SF | $94.77 |
Property Facts
| Price | $3,414,150 CAD | Apartment Style | Garden |
| Price Per Unit | $853,537 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 8.88% | Building Size | 3,199 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.88/1,000 SF |
| Price | $3,414,150 CAD |
| Price Per Unit | $853,537 CAD |
| Sale Type | Investment |
| Cap Rate | 8.88% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,199 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2025 |
| Parking Ratio | 1.88/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Breakfast Nook
- Lawn
- Porch
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $9,901 CAD | 625 - 1,000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-43-46-28-01-000-0970 | Total Assessment | $1,419,748 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $34,141 CAD ($10.67 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
12-43-46-28-01-000-0970
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,419,748 CAD
Annual Taxes
$34,141 CAD ($10.67 CAD/SF)
Tax Year
2025
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Four on Tropic | 800 Tropic Blvd
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