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Mint Boca Waterfront 4plex -Seller Motivated- 1121 Bel Air Dr 4 Unit Apartment Building $4,900,000 ($1,225,000/Unit) 5.26% 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
- AS AIR B & B Projected Income is $464,000-$484,000 with 7.00+% Projected Cap Rate
- Situated along the serene Intracoastal Waterway with its prime location, high rental demand, and versatile usage options.
- ASKING PRICE NOW REDUCED by $1 million since Dec 2024. MOTIVATED SELLER.
Executive Summary
January 16, 2026--OWNER SAYS SELL AND REDUCES ASKING PRICE BY ANOTHER $500,000 (Ie. another 10%)--ORIGINAL ASKING PRICE--$5.900,000.
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.
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.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$354,300
|
$43.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$12,000
|
$1.48
|
| Effective Gross Income |
$342,300
|
$42.26
|
| Taxes |
$58,879
|
$7.27
|
| Operating Expenses |
$34,566
|
$4.27
|
| Total Expenses |
$93,445
|
$11.54
|
| Net Operating Income |
$248,855
|
$30.72
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $354,300 |
| Annual Per SF | $43.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $1.48 |
| Effective Gross Income | |
|---|---|
| Annual | $342,300 |
| Annual Per SF | $42.26 |
| Taxes | |
|---|---|
| Annual | $58,879 |
| Annual Per SF | $7.27 |
| Operating Expenses | |
|---|---|
| Annual | $34,566 |
| Annual Per SF | $4.27 |
| Total Expenses | |
|---|---|
| Annual | $93,445 |
| Annual Per SF | $11.54 |
| Net Operating Income | |
|---|---|
| Annual | $248,855 |
| Annual Per SF | $30.72 |
Property Facts
| Price | $4,900,000 | Apartment Style | Townhome |
| Price Per Unit | $1,225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.26% | Building Size | 8,100 SF |
| Sale Condition | 1031 Exchange | 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 |
| Zoning | RML Boca Raton, FL - Residential Waterfront and Beachfront Multi-Family Low Density. | ||
| Price | $4,900,000 |
| Price Per Unit | $1,225,000 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Sale Condition | 1031 Exchange |
| 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 Waterfront and Beachfront 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 | $10,000 | 2,757 |
| 3+2.5 | 3 | $6,413 | 1,569 - 2,049 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 24-43-47-04-02-001-0100 | Total Assessment | $3,958,670 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $58,879 ($7.27/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
24-43-47-04-02-001-0100
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$3,958,670 (2025)
Annual Taxes
$58,879 ($7.27/SF)
Tax Year
2026
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Mint Boca Waterfront 4plex -Seller Motivated- | 1121 Bel Air Dr
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