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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 4,400,000

Est. payment -/mo

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Active

Address not disclosed Delray Beach, FL 33483

4,786 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,786 sqft

Price per Sqft $919

MLS Listing ID A11419554

Construction Status New Construction

HOA Y/N No

Year Built 1954

Annual Tax Amount $26,010

Lot Size 0.334 Acres

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Palm Beach

Area 4220

Direction 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

Interior

Heating Central, Electric

Cooling Central Air

Flooring Tile

Window Features Impact Glass

Exterior

Roof Type Shingle

Total Parking Spaces 9

Private Pool Yes

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Construction Status New Construction

Others

Tax ID 12434616051210270

Ownership Limited Partnership

Security Features Security System,Fenced

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

Listed by Blue Water RE LLC

Alex Mendel

Agent

+1(561) 827-8449

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Alex Mendel

Address not disclosed Delray Beach, FL 33483

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