610 SE 2nd Avenue, Delray Beach, FL 33483

$490,000
Property Type: Residential Bedrooms: 7 Baths: 3 Square Footage: 1,848 Status: Closed
Current Price: $490,000 List Date: 3/05/2021 Last Modified: 8/02/2026

Overview

Description

OSCEOLA PARK Investment Opportunity!! Currently Operated as AirBnB/short term vacation rental property. 7 Bedrooms-3 Bathrooms. Completely Updated with Tile Floors Throughout. Updated Kitchen with Quartz counters! Updated Bathrooms! Huge Private Yard with Endless Potential! The current Income is $4500 per month with an annual lease in place to Short Term Vacation Operators. They handle all operations, owner will receive Gross Rental Income of $54,000 per year. Less taxes $6,312, Less Insurance $7,200, Less Yard $1,080. Net Income $39,408. 8% Cap Rate for Investors in a Red Hot East Delray Neighborhood! Close to Atlantic Ave and Beaches! steps away from Currie Commons Park and very close to Knowles Park boat ramp.

Listing Details MLS# F10273832

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
7
Bathrooms Total
3
Bathrooms Full
3
Living Area Main
1848
Year Built
1985
Gated Community YN
No
Lot Size Area
11243
Senior Community YN
No
Guest House YN
No
Stories Total
Yes
Stories
Yes
Direction Faces
East
Pool Private YN
No
LP/Assessed Value
1.62

Property Features

Dining Area: Eat-In Kitchen Flooring: Tile Leasing Permitted Details: Okay To Lease Parking Features: Driveway; Strip/Slab Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer Construction Materials: Frame Cooling: Ceiling Fan(s); Central Air Fencing: Fenced Heating: Central Levels: One Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Negotiable Restrictions: No Restrictions Road Surface Type: Paved Roof: Composition; Shingle Sewer: Public Sewer Special Information: Sold As-Is Tax Information: County Only Utilities: Cable Available View: Garden; Other Water Source: Public Contingencies: Inspection Room Types: Den; Family Room Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
499000
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
610
Street Direction Prefix
SE
Street Name
2nd
Street Suffix
Avenue
City Name
Delray Beach
State Or Province
FL
Postal Code
33483
Postal Code +4
4404
Postal Zip
33483
Subdivision Name
Osceola Park
Area
4370
Geographic Area
PB06
Parcel Number
12434621010070400
Zoning
R-1-A

Financial Information

Membership Fee Required YN
No
Tax Annual Amount
6312
Tax Year
2020
Tax Assessed/SOH Value
308217
Tax Legal Description
OSCEOLA PARK LT 40 BLK 7
Assessor Market Value
308217

Status Change Information

Major Change Timestamp
2021-04-22T04:38:26Z
Major Change Type
Status Change
Status Change Date
2021-04-28
Under Contract Date
2021-03-12
Close Date
2021-04-21
Close Price
490000
Buyer Financing
Conventional

More Information

Entry Information

Entry Level
Yes
Entry Location
First Floor Entry

Leasing Permitted Details

Leasing Permitted YN
Yes

Short Sale Details

Short Sale Addendum
No

Co-Ownership

Property Management YN
No

Main Level Rooms

Main Level Bathrooms
3
Main Level Bedrooms
7

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
265.15
Original List Price To Close Price
0.98

Section Details

Parcel Number MLX
0400

Originating Details

Originating System Key
540899798
Originating System ID
M00000170

Room Information

Room Name
Den
Family Room
IDX
Listing Office: Coldwell Banker Realty
Source MLS Verified
Last Updated: August - 02 - 2026
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