Delray Beach, FL 33444

1926

YEAR BUILT

$5,250,000

LISTING PRICE

MultiFamily (5+ Units)

TYPE

MLS#: RX-10938293

Type of Building: Commercial, Condo, Free Standing and Resident. Multi-Fam.


For More Information Call:

561-283-4663

Spectacular investment opportunity in the very desirable Downtown Delray market. Nestled in the prestigious neighborhood of Bankers Row. Indulge in a world of leisure and recreation just steps from their doorstep. Multifamily duplex investment opportunity with substantial income producing property. Prime & desirable location upcoming neighborhood, close to amenities, public transportation, schools, and business districts. Excellent Investment Opportunity the units have potential as a profitable investment, high occupancy rate, strong rental demand & potential for rent increases, opportunity for value appreciation, these units can convert into short-term rentals, co-living spaces, or mixed-use development. This is a value-add opportunity for buyers


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This listing is courtesy of Stateland Brown Holdings. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach, 0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

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  • Acres0.23 acres
  • Available DocumentsSurvey
  • Available InformationCopies of Lease, Drawings, Existing Survey, Owner managed and Personal Prop Inv
  • Building Info: Number of Tenants6
  • Built DescriptionPreconstruction
  • CityDelray Beach
  • ConstructionFrame, Stucco and Woodside
  • CoolingCeiling Fan and Wall-Win A/C
  • DirectionsI95 Exit east to Atlantic Ave. Go east to Swinton Blvd. Turn Left onto Swinton and Right at the 1st light then left onto 1st Ave to the property on your left-hand side.
  • Expenses: R.E. Taxes$21,508.23
  • Fire ProtectionSmoke Detector
  • FlooringTile and Vinyl Floor
  • For LeaseNo
  • For SaleYes
  • HeatingWindow/Wall
  • LeaseAnnual, Month to Month and None
  • Legal DescriptionCITY/MUNI/TWP:DELRAY BEACH SUBD:DELRAY TOWN OF SEC/TWN/RNG/MER:SEC 16 TWN 46S RNG 43E TOWN OF DELRAY LT 13 BLK 67
  • List Price$5,250,000
  • List Price/SqFt$1,734.96 / sqft
  • Listing DateTuesday, January 30th, 2024
  • Listing IDRX-10938293
  • Listing Price$5,250,000
  • Listing StatusActive
  • LocationCity and Investment
  • Miscellaneous 1Landscaped and Laundry
  • Miscellaneous 2Rear Access and Storage
  • Number of Stories2
  • Number of Toilets6
  • Percent Air Conditioned100%
  • Property DescriptionMULTI-FAMILY
  • Property TypeCommercial
  • Real Estate Taxes$21,508
  • RoofComp Rolled and Flat Tile
  • Sale IncludesBuilding and Land
  • Special InformationCity Jurisdiction, Foreign Seller and Presently Leased
  • SqFt SourceOwner
  • State/ProvinceFL
  • StatusActive
  • Status Change DateTuesday, January 30th, 2024
  • SubdivisionTown Of Delray
  • Tax Year2023
  • Tenant PaysCable, Electric and Insurance
  • Terms ConsideredCash, Conventional and VA
  • Total Building SqFt3,026 sqft
  • Total Units in Building6
  • TypeMultiFamily (5+ Units)
  • Type of BuildingCommercial, Condo, Free Standing and Resident. Multi-Fam.
  • UtilitiesOther, Public Sewer and Separate Meter
  • Virtual TourYes
  • WaterfrontNo
  • Waterfront DetailsNone
  • Year Built1926
  • Zip Code33444
  • ZoningOSSHAD

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