Atlantic Luxury Advisors
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500 2nd Ave #2150

Boca Raton, FL 33432

$169,000
1
1
512 sq ft
1971
2 car
Condominium
$578/mo
43
Active

Listing courtesy of Florida Brokers Real Estate (Marcelo Olsak). Contact: [email protected].

About this home

Prime Downtown Boca Raton Investment Opportunity – Strong Rental Income Excellent opportunity to own a well-located 1-bedroom, 1-bathroom apartment in the heart of Downtown Boca Raton, currently generating $1,570/month in rental income (until November 2026). Ideal for investors seeking stable cash flow in a high-demand area. This unit features a spacious living area, updated bathroom, and ample storage throughout. The kitchen and appliances are in great condition, offering a clean, move-in-ready space for tenants. Located just steps from everything Boca has to offer: Walking distance to Mizner Park Minutes from IPIC Theaters Boca Raton, top restaurants, shops, and the post office Near the future **Brightline Boca Raton station, adding long-term value and convenience The building offers common laundry facilities on each floor, with this unit located just steps away for added convenience. Includes one assigned parking space plus ample guest parking. A rare chance to own in one of Boca Raton’s most desirable and walkable locations with immediate income and future upside.

What it costs to own
Estimated monthly payment
$1,728/mo
Principal and interest
$855
Property tax
$187
Homeowners insurance
$108
HOA
$578

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$2,240/yr

Estimate: the price times the Palm Beach County average total millage (17.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
$578/mo (from the listing)
FEMA flood zone
Zone X, minimal risk

Outside the special flood hazard area. Flood insurance is optional.

Hurricane evacuation zone
Zone D: ordered to evacuate for Category 3 hurricanes and stronger.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.