Delray Beach
$3,995,000 USD
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Address | Delray Beach |
Building Name | Delray Beach Apartments |
Type of Property | Income / MultiFamily |
Type of Business | Apartments, Residential-Multi-Family |
Business Location | Corner Lot,In Residential Area |
Property Style | Income Non-Waterfront |
Price | $3,995,000 |
Property Status | Active |
MLS Number | A11810309 |
Property Size | 14566 |
Lot Size | 14566 |
Parking Space Number | 9 |
Folio Number | 12434616051210270 |
Zoning Information | RM (CITY |
Days on Market | 87 |
Detailed Description: Fully renovated apartment complex located in prestigious Delray Beach. This complex consists of two buildings with nine rental units. All units are fully leased under a master lease. The owner pays property tax and insurance. Renovation included new roof, hurricane impact doors and windows. All new plumbing, new HVAC systems, new electrical panels and appliances. New pool with paver hardscape and landscaping. Resurfaced parking lot. This is an excellent opportunity that you don’t want to miss. Located minutes from Downtown Delray, within the free Delray beach ride share, and walking distance to supermarket and drug store. Investors can purchase a fully leased apartment complex with excellent tenant. Master lease tenant is operating with a hotel license for short term rentals
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Address Information
State | Florida |
City | Delray Beach |
County | Palm Beach County |
Zip Code | 33483 |
Business Location | Corner Lot,In Residential Area |
Section | 16 |
Zip Code (4 Digits) | 5536 |
Financial Information
Price | $3,995,000 |
Price per Foot | $0 |
Folio Number | 12434616051210270 |
Tax Amount | $26,010 |
Full Descriptions
Detailed Description | Fully renovated apartment complex located in prestigious Delray Beach. This complex consists of two buildings with nine rental units. All units are fully leased under a master lease. The owner pays property tax and insurance. Renovation included new roof, hurricane impact doors and windows. All new plumbing, new HVAC systems, new electrical panels and appliances. New pool with paver hardscape and landscaping. Resurfaced parking lot. This is an excellent opportunity that you don’t want to miss. Located minutes from Downtown Delray, within the free Delray beach ride share, and walking distance to supermarket and drug store. Investors can purchase a fully leased apartment complex with excellent tenant. Master lease tenant is operating with a hotel license for short term rentals |
Year Built Description | New Construction |
How to Reach | From I-95 proceed east on W Atlantic Ave, make left on NE 6th Ave (North) to NE 4th Ave, make right and property on right two blocks. Corner of NE 7th Ave and NE 4th Street |
Roof Description | Shingle |
Floor Description | Tile |
Cooling Description | Central Building A / C |
Heating Description | Central Electric |
Water Description | Public |
Sewer Description | Public Sanitation |
Parking Description | Common |
Property parameters
Living Area | 14566 |
Lot Size | 14566 |
Total Acreage | 0.000 |
Zoning Information | RM (CITY |
Maximum Leasable Size | 14566 |
Type of Property | Income / MultiFamily |
Type of Business | Apartments, Residential-Multi-Family |
Style | Income Non-Waterfront |
Building Name | Delray Beach Apartments |
Construction Type | Concrete Block Construction,Sheet Rock |
Stories Number | 1 |
Parking Space Number | 9 |
Listed with | Blue Water RE LLC |