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, hu

Delray Beach

$3,995,000 USD
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AddressDelray Beach
Building NameDelray Beach Apartments
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
Business LocationCorner Lot,In Residential Area
Property StyleIncome Non-Waterfront
Price$3,995,000
Property StatusActive
MLS NumberA11810309
Property Size14566
Lot Size14566
Parking Space Number9
Folio Number12434616051210270
Zoning InformationRM (CITY
Days on Market122

Detailed 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

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Address Information
StateFlorida
CityDelray Beach
CountyPalm Beach County
Zip Code33483
Business LocationCorner Lot,In Residential Area
Section16
Zip Code (4 Digits)5536
Financial Information
Price$3,995,000
Price per Foot$0
Folio Number12434616051210270
Tax Amount$26,010
Full Descriptions
Detailed DescriptionFully 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
Year Built DescriptionNew Construction
How to ReachFrom 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
Roof DescriptionShingle
Floor DescriptionTile
Cooling DescriptionCentral Building A / C
Heating DescriptionCentral Electric
Water DescriptionPublic
Sewer DescriptionPublic Sanitation
Parking DescriptionCommon
Property parameters
Living Area14566
Lot Size14566
Total Acreage0.000
Zoning InformationRM (CITY
Maximum Leasable Size14566
Type of PropertyIncome / MultiFamily
Type of BusinessApartments, Residential-Multi-Family
StyleIncome Non-Waterfront
Building NameDelray Beach Apartments
Construction TypeConcrete Block Construction,Sheet Rock
Stories Number1
Parking Space Number9
Listed withBlue Water RE LLC