Commercial: MLS #A11419554 Delray Beach, FL ^$ 4,400,000

Commercial: MLS #A11419554

^$ 4,400,000

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New Construction

Commercial: MLS #A11419554

Delray Beach, FL, 33483

^$ 4,400,000

Studio Baths0.0 Sq 4,786

Monthly Estimate*

^$ 29,244

View a Virtual Tour

Studio

Commercial Property for sale in Delray Beach, FL

for $4,400,000. This 4,786 square foot building was built in 1954 on a lot size of 0.334389.

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.

Commercial Active

Price

^$ 4,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 26,010

Style

MultiFamily

Lot Size

0.334389

Year Built

1954

Town/City

Delray Beach

County/Region

Palm Beach

MLS | Web ID

A11419554

Features

General

Sewer PublicSewer

Heating Central Electric

Cooling CentralAir

Roof Shingle

Security Features SecuritySystem Fenced

Construction Materials Block

Year Built 1954

Electric Item100AmpService

Stories 1

Levels One

Property SubType MultiFamily

Percent Ownership Limited Partnership

Building Name Delray Beach Apartments

County Palm Beach County

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Status Active

Directions 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

City Delray Beach

View Y/N N

Senior Community Y/N N

Zoning Description RM (city

NumberOfUnitsTotal 9

MLS Area 4220

Lot Size Units SquareFeet

Lot Size Square Feet 14566.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Property Attached Y/N N

Year Built Details New Construction

Land Lease Y/N N

Tax Annual Amount 26010.0

Home Warranty Y/N N

Lease Renewal Y/N N

MLS Area Minor Palm Beach 4220a; 4230b; 4360a; 4370b

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11419554

Days on Market 271

Structure Type Apartment MultiFamily

Standard Status Active

Occupancy Type Vacant

Property Sub Type Additional MultiFamily

Legal Description HIGHLAND PARK DELRAY LTS 27 & 28 BLK 121

Interior

Flooring Tile

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Window Features ImpactGlass

Fireplace Y/N N

Electric On Property Y/N N

Total Baths 0

Exterior

Parking Features Common

Water Source Public

Total Parking 9.0

Lot Size Area 14566.0

Number of Buildings 2

Spa N

Building Area Total 4786.0

Covered Spaces 0.0

Number of Separate Electric Meters 1

Road Frontage Type CityStreet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 351

* Excluded Features

List By

Blue Water Re Llc

Broker

Cody@bluewaterrellc.com

Affordability Calculator

$31,411

Per Month

Monthly Principal & Interest: $29,244
Monthly Property Taxes: $2,168
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Delray Beach, FL

Average List Price ^$2,342,615

Percent of Sale Price 47%

About Delray Beach, FL

66,998 Population

11% Since 2002

^$55,643 Median Income

46.56 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

292769 Elementary School

292996 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/17/2024	$4,400,000	-1.12%	Price Down
11/3/2023	$4,450,000	-10.10%	Price Down
7/14/2023	$4,950,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to the real estate for sale on this web site comes in part from the Realtor Association of Greater Miami and the Beaches.

The information being provided is for consumers'personal, non-commercial use and may not be used for any purpose other than to identify prospective consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

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Commercial: MLS #A11419554

Commercial Property for sale in Delray Beach, FL

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