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323 De Carie St 3 Unit Apartment Building $1,350,000 ($450,000/Unit) 9.04% Cap Rate Delray Beach, FL 33444
Executive Summary
Modern Triplex in Prime Delray Beach Location! Welcome to Three on De Carie, a sophisticated and beautifully updated luxury triplex just minutes from the vibrant downtown Delray Beach and steps away from the Seacrest Sports Complex and Hill topper Stadium. This meticulously maintained property offers modern elegance and timeless appeal, featuring: A fully remodeled 2-bedroom, 1-bath front unit, showcasing designer upgrades including custom cabinetry, waterfall quartz countertops, stainless steel appliances, and contemporary lighting. Fresh interior and exterior paint, upgraded doors, lush landscaping, and a newly paved asphalt driveway. A brand-new roof (2024) for added durability and value.
Property Highlights three distinct units: Two (2-bedroom, 1-bath units) and one standalone remolded cottage, offering flexible income potential. The vacant front unit is move-in ready perfect for owner occupancy, luxury Airbnb rentals, or long-term leasing. Currently licensed an Airbnb the two 2 bedrooms are generating 4,500 to 6,500 monthly and the cottage is 3,500 to 5,000 monthly
The seller will consider a carryback with at least 30% down and will wrap the existing note at 7.25% interest only up to 10 years.
Recently appraisal at 1,525,000
Please respect tenant privacy drive-by only.
All information is deemed reliable but not guaranteed. Buyers should verify MLS data. Offered by Owner/Broker. Seize this rare opportunity to own a turnkey modern investment property in one of South Florida's most desirable locations! Call for your showing.
Property Highlights three distinct units: Two (2-bedroom, 1-bath units) and one standalone remolded cottage, offering flexible income potential. The vacant front unit is move-in ready perfect for owner occupancy, luxury Airbnb rentals, or long-term leasing. Currently licensed an Airbnb the two 2 bedrooms are generating 4,500 to 6,500 monthly and the cottage is 3,500 to 5,000 monthly
The seller will consider a carryback with at least 30% down and will wrap the existing note at 7.25% interest only up to 10 years.
Recently appraisal at 1,525,000
Please respect tenant privacy drive-by only.
All information is deemed reliable but not guaranteed. Buyers should verify MLS data. Offered by Owner/Broker. Seize this rare opportunity to own a turnkey modern investment property in one of South Florida's most desirable locations! Call for your showing.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$180,000
|
$98.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$18,000
|
$9.83
|
| Effective Gross Income |
$162,000
|
$88.48
|
| Taxes |
$10,000
|
$5.46
|
| Operating Expenses |
$30,000
|
$16.38
|
| Total Expenses |
$40,000
|
$21.85
|
| Net Operating Income |
$122,000
|
$66.63
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $98.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $9.83 |
| Effective Gross Income | |
|---|---|
| Annual | $162,000 |
| Annual Per SF | $88.48 |
| Taxes | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $5.46 |
| Operating Expenses | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $16.38 |
| Total Expenses | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $21.85 |
| Net Operating Income | |
|---|---|
| Annual | $122,000 |
| Annual Per SF | $66.63 |
Property Facts
| Price | $1,350,000 | Apartment Style | Garden |
| Price Per Unit | $450,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 1,831 SF |
| Cap Rate | 9.04% | No. Stories | 1 |
| No. Units | 3 | Year Built/Renovated | 1954/2025 |
| Property Type | Multifamily | Parking Ratio | 3.28/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM | ||
| Price | $1,350,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 9.04% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.17 AC |
| Building Size | 1,831 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2025 |
| Parking Ratio | 3.28/1,000 SF |
| Zoning | RM |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Double Pane Windows
- Island Kitchen
- Lawn
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $5,500 | 745 |
| Studios | 1 | $4,250 | 360 |
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Property Taxes
| Parcel Number | 12-43-46-04-07-000-0090 | Total Assessment | $606,793 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $10,000 ($5.46/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
12-43-46-04-07-000-0090
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$606,793 (2025)
Annual Taxes
$10,000 ($5.46/SF)
Tax Year
2026
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323 De Carie St
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