Delray Beach, FL 33483

$3,550,000

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List Price
$3,550,000
Price Change
▼ $445,000 1771281292
MLS#
A11810309
Status
ACTIVE WITH CONTRACT
Type
Commercial

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

Additional Information

Days on Market
422
Tax Amount
$26,010
Water Access
Building & Land, Fixtures, Furniture, Furniture/Fixtures
Parcel Number
12434616051210270
Lot Size
14,566
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
Address
Delray Beach
Section
16
Special Information
New Construction

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Calculator source: Real Geeks

Listing Courtesy of Blue Water RE LLC, Contact: