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.
Property Details
Price:
$4,400,000
MLS #:
A11419554
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Delray Beach
Listed Date:
May 17, 2024
State:
FL
Finished Sq Ft:
4,786
ZIP:
33483
Year Built:
1954
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Schools
Interior
Cooling
Central Building A/ C
Flooring
Tile
Heating
Central Electric
Exterior
Construction Materials
Sheet Rock
Parking Features
Common
Parking Spots
9
Roof
Shingle
Financial
Buyer Agent Compensation
2%%
Taxes
$26,010
Map
Community
- Address351 NE 7th Ave Delray Beach FL
- CityDelray Beach
- CountyPalm Beach County
- Zip Code33483
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