238 SE 1st Avenue, Delray Beach, FL 33444

1972

YEAR BUILT

$4,950,000

LISTING PRICE

MultiFamily (5+ Units)

TYPE

MLS#: RX-10974117

Type of Building: Resident. Multi-Fam.


For More Information Call:

561-283-4663

10 unit, 2 story fully renovated (2004) apartment building in a very desirable location in Delray Beach, FL. Property has been gutted and renovated including new roof, new hurricane impact windows, all new HVAC units, cabinetry/countertops/appliances, flooring, lighting, bathrooms, closets and fans. Finishes are all upgraded to a coastal contemporary finish. Property is selling vacant to offer investor flexibility for either standard tenant leases or short-term Airbnb rentals or alternative uses. Delray Beach is a vibrant and sought-after location for both residents and tourists alike, making this property an excellent investment opportunity. This prime location in South Florida, known for its beautiful beaches, thriving dining and entertainment scene, and cultural attractions,


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  • Acres0.31 acres
  • Available DocumentsSurvey
  • Available InformationDeed, Drawings, Existing Survey, Photos and Title/ Abstract
  • Building Info: Number of Bays10
  • Building Info: Number of Tenants10
  • Built DescriptionResale
  • CityDelray Beach
  • ConstructionConcrete
  • CoolingCeiling Fan, Central Individual and Electric
  • CountyPalm Beach
  • DirectionsE Atlantic Ave to south on SE 1st Ave
  • Fire ProtectionSmoke Alarm and Smoke Detector
  • FlooringCeramic Tile
  • For LeaseNo
  • For SaleYes
  • HeatingCentral
  • LeaseNone
  • Legal DescriptionTOWN OF DELRAY N 100 FT OF S 200 FT OF E 1/2 OF BLK 71
  • List Price$4,950,000
  • List Price/SqFt$661.23 / sqft
  • Listing DateTuesday, April 2nd, 2024
  • Listing IDRX-10974117
  • Listing Price$4,950,000
  • Listing StatusActive
  • Miscellaneous 1Landscaped and Sprinkler City
  • Monetary Info: Vacancy Rate$100
  • Number of Meters10
  • Number of Stories2
  • Number of Toilets10
  • Percent Air Conditioned100%
  • PossessionAt Closing and Funding
  • Property Description10 Unit Apmt Bldg
  • Property TypeCommercial
  • Real Estate Taxes$24,076.60
  • RoofBuilt-Up and Metal
  • Sale IncludesBuilding and Land and Fixtures
  • SecurityNone
  • Special InformationCity Jurisdiction
  • SqFt SourceOwner
  • State/ProvinceFL
  • StatusActive
  • Status Change DateTuesday, April 2nd, 2024
  • Street Name1st
  • SubdivisionDelray Town Of
  • Tax Year2023
  • Tenant PaysElectric
  • Terms ConsideredCash and Conventional
  • Total Building SqFt7,486 sqft
  • Total Units in Building10
  • TypeMultiFamily (5+ Units)
  • Type of BuildingResident. Multi-Fam.
  • Unit 1: Full Baths1
  • UtilitiesElectric, Municipal Water, Public Sewer and Public Water
  • Virtual TourYes
  • WaterfrontNo
  • Waterfront DetailsNone
  • Year Built1972
  • Zip Code33444
  • ZoningRM-10

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