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, hu

Delray Beach

$3,995,000 USD
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      AddressDelray Beach
      Building NameDelray Beach Apartments
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments, Residential-Multi-Family
      Business LocationCorner Lot,In Residential Area
      Property StyleIncome Non-Waterfront
      Price$3,995,000
      Property StatusActive
      MLS NumberA11810309
      Property Size14566
      Lot Size14566
      Parking Space Number9
      Folio Number12434616051210270
      Zoning InformationRM (CITY
      Days on Market87

      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
      StateFlorida
      CityDelray Beach
      CountyPalm Beach County
      Zip Code33483
      Business LocationCorner Lot,In Residential Area
      Section16
      Zip Code (4 Digits)5536
      Financial Information
      Price$3,995,000
      Price per Foot$0
      Folio Number12434616051210270
      Tax Amount$26,010
      Full Descriptions
      Detailed DescriptionFully 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 DescriptionNew Construction
      How to ReachFrom 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 DescriptionShingle
      Floor DescriptionTile
      Cooling DescriptionCentral Building A / C
      Heating DescriptionCentral Electric
      Water DescriptionPublic
      Sewer DescriptionPublic Sanitation
      Parking DescriptionCommon
      Property parameters
      Living Area14566
      Lot Size14566
      Total Acreage0.000
      Zoning InformationRM (CITY
      Maximum Leasable Size14566
      Type of PropertyIncome / MultiFamily
      Type of BusinessApartments, Residential-Multi-Family
      StyleIncome Non-Waterfront
      Building NameDelray Beach Apartments
      Construction TypeConcrete Block Construction,Sheet Rock
      Stories Number1
      Parking Space Number9
      Listed withBlue Water RE LLC