1121 Bel Air Dr - Apartments FOR SALE


Highland Beach, FL 33487
$4,900,000 USD
917-748-4810
1121 Bel Air Dr, Highland Beach, FL for Sale
$4,900,000 USD
Apartments - FOR SALE
1/25
null | 5.26% Cap Rate

1121 Bel Air Dr
Highland Beach, FL 33487


HIGHLIGHTS

  • Exquisite 8000+sf quadrplex in Prestigious Boca Raton/Highland Beach,FL location with 60'Boating Dock and Private Deeded Beach Access
  • Situated along the serene Intracoastal Waterway with its prime location, high rental demand, and versatile usage options.
  • Own a prestigious quadplex spanning over 8,000 sq ft in the heart of Highland Beach
  • ASKING PRICE NOW REDUCED by $1 million since Dec 2024. MOTIVATED SELLER.
  • AS AIR B & B Projected Income is $464,000-$484,000 with 7.00+% Projected Cap Rate

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$605 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,225,000

CAP RATE

5.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mint Boca Waterfront 4plex -Seller Motivated-

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1979

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,732 SF

ZONING

RML Boca Raton, FL

APN/PARCEL ID

24-43-47-04-02-001-0100

ASK ABOUT THIS PROPERTY

Harvey HeitWeichert Properties Soho NYCMore Info
917-748-4810

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Harvey HeitWeichert Properties Soho NYCMore Info
917-748-4810

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.