1121 Bel Air DrHighland Beach, FL 33487

Property Details for 1121 Bel Air Dr

Year built

1979

Property size (Sq ft)

8,021 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity awaits in Highland Beach, Florida. This meticulously maintained Class A, four-unit multifamily property, built in 1979 and renovated in 2020, offers 8,041 square feet of net rentable space on a 9,300 square foot lot. The property features four townhomes, three with three bedrooms and 2.5 bathrooms, and one luxurious three-story unit boasting three bedrooms and 3.5 bathrooms, complete with a rooftop deck offering breathtaking ocean views. Each unit includes a fireplace and garage. Currently operating at 100% occupancy, the property generates a strong NOI of $258,792, with a projected NOI of $316,692 and a pro-forma cap rate of 5.86% for 2025. The asking price is $5,400,000, representing $1,350,000 per unit and $673.23 per square foot. Located at 1121 Bel Air Dr, Highland Beach, FL 33487 (APN: 24-43-47-04-02-001-0100), this property is zoned RML and includes eight parking spaces. Its prime location offers easy access to the beach and intercoastal waterways, making it ideal for owner-users, investors, boat owners, and beach enthusiasts. The property's versatility extends to short-term rental opportunities (AirBnB). Financial projections and details are available upon request. This is a rare opportunity to acquire a high-performing, luxury multifamily asset in a highly desirable coastal location.

Location Insight

City

Highland Beach

County

Palm Beach

State

Florida

Latitude

26.3969

Longitude

-80.067

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].