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N/A, Delray Beach, FL – $4,400,000

  • $4.4M Price
  • 367 DOM
  • $4.4M Price
  • 367 DOM

(Undisclosed Address)

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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Essential Information

  • MLS® #A11419554
  • Price$4,400,000
  • Bathrooms0.00
  • Year Built1954
  • TypeCommercial
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • AddressN/A
  • Area4220
  • CityDelray Beach
  • CountyPalm Beach County
  • StateFL
  • Zip Code33483-5536

Amenities

  • ParkingCommon

Interior

  • InteriorTile
  • HeatingCentral, Electric
  • CoolingCentral Air
  • # of Stories1
  • StoriesOne

Exterior

  • WindowsImpact Glass
  • RoofShingle
  • ConstructionBlock

Additional Information

  • Listing Courtesy ofBlue Water RE LLC
  • Date ListedJuly 14th, 2023
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Price Change History for N/A, Delray Beach, FL (MLS® #A11419554)

Date Details Change
Price Reduced from $4,450,000 to $4,400,000 $50,000 (1.12%)
Price Reduced from $4,950,000 to $4,450,000 $500,000 (10.10%)