Situated on the ''elbow lot'' of an L-shaped, deep -water canal, just off the Intracoastal waterway, this RARE, income-producing property is located in the exclusive, barrier-island Township of Highland Beach, just nestled along Boca Raton & Delray Beach. Property comprises 4 attached, contemporary townhomes -ranging from 1,950 ac sq ft to 2,500 ac sq ft. each. All TH's offer 3 bedrooms; 2.5 -3.5 baths; wood-burning fireplaces; one -car garages; and views...views...views! Complex has resort-style pool & attractive private balconies...patios...& common areas on 64 ft of pristine water frontage with dock. Deeded beach access! The best of ALL worlds...***Ideal for a investor who wants to live on the property and collect significant rental income (see addendum!):Unit 1: currently LEASED 11/1/16-10/31/17; Unit 2: currently LEASED on month-to-month basis to longstanding Tenant paying below current market price; Unit 3: currently LEASED 11/1/16-10/31/17; Unit 4 is currently vacant to accommodate for showing appts. Profit and Loss 1121 Highland Beach Annual Expenses 1. FPL $1080. (Common Area) 2. Water & Sewer $550. 3. RE Tax $25,000.00 (Less as Homestead) 4. Pool maint $1200. 5. Pest Control $540. 6. Landscape $3600. 7. Insurance $16,000.00 $ 47,970.00 Income: 1. Unit 1 $4,550.00 2. Unit 2 $3,050.00 3. Unit 3 $3,850.00 4. Unit 4 $6,400.00 includes unit 4 and Dock $17,850.00/month / $ 214,800.00/annual Please verify all above numbers with agent, as some may be adjusted due to property additions/improvements.
Cable, Electric Available, Public Sewer, Public Water, Water Available, Underground
Interior Canal, Navigable, Ocean Access, Seawall, No Fixed Bridges
Child Gate, Gunite, Inground, Concrete, Salt Water
Auto Sprinkler, Awnings, Covered Balcony, Fence, Open Patio, Open Porch, Open Balcony
1/4 to 1/2 Acre, East of US-1, Flood Zone, Paved Road, Public Road, Treed Lot, Irregular Lot
Awning, Blinds, Impact Glass, Sliding, Hurricane Windows
J. C. Mitchell Elementary School
Boca Raton Community Middle School
Boca Raton Community High School
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Listing information last updated on April 28th, 2017 at 1:55am EDT.