238 SE 1st Avenue, Delray Beach, FL 33444
$4,950,000
Property Type:
Comm/Industry
Baths:
10
Square Footage:
7,486
Status:
Active
Current Price:
$4,950,000
Last Modified:
4/03/2024
Description
10 unit, 2 story fully renovated (2004) apartment building in a very desirable location in Delray Beach, FL. Property has been gutted and renovated including new roof, new hurricane impact windows, all new HVAC units, cabinetry/countertops/appliances, flooring, lighting, bathrooms, closets and fans. Finishes are all upgraded to a coastal contemporary finish. Property is selling vacant to offer investor flexibility for either standard tenant leases or short-term Airbnb rentals or alternative uses. Delray Beach is a vibrant and sought-after location for both residents and tourists alike, making this property an excellent investment opportunity. This prime location in South Florida, known for its beautiful beaches, thriving dining and entertainment scene, and cultural attractions,
Supplements: makes it a highly desirable destination for tourists and a coveted spot for residents seeking the Florida lifestyle.
More Information MLS# RX-10974117
Contract Information
Status: Active
Original List Price: 4750000
Auction: No
List Price: $4,950,000
Current Price: $4,950,000
List Price/Bldg SqFt: 661.23
Listing Date: 2024-04-02
Comm/Non-Rep: 3%
Comm/Buyer Agent: 3%
Comm/Trans Brk: 3%
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: 10 Unit Apmt Bldg
Subdivision: DELRAY TOWN OF
Year Built: 1972
Built Desc: Resale
SqFt - Living: 7486
SqFt Source: Owner
# of Stories: 2
Total Units: 10
Baths - Total: 10
Acres: 0.31
% Air Conditioned: 100
Waterfront: No
Location, Tax & Legal
Area: 4370
Geo Area: PB06
Country: United States
County: Palm Beach
Parcel ID: 12434616010710060
Street #: 238
Street Dir: SE
Street Name: 1st
Street Suffix: Avenue
State/Province: FL
Zip Code: 33444
Zoning: RM-10
Legal Desc: TOWN OF DELRAY N 100 FT OF S 200 FT OF E 1/2 OF BLK 71
Tax Year: 2023
Real Estate Taxes: 24076.6
Geo Lat: 26.456646
Geo Lon: -80.07225
Remarks & Misc
Directions: E Atlantic Ave to south on SE 1st Ave
Office/Member Info
DXORIGMLNO: RX-10974117
DXORIGMLSID: RML
Building Info
# of Tenants: 10
# of Bays: 10
Monetary Info
Vacancy Rate: 100
Unit 1
Full Baths: 1
Property Features
Use: Other
Type of Building: Resident. Multi-Fam.
Construction: Concrete
Sale Includes: Building and Land; Fixtures
Avail Docs: Survey
Avail Info: Deed; Drawings; Existing Survey; Title/ Abstract
Miscellaneous 1: Landscaped; Sprinkler City
Flooring: Ceramic Tile
Cooling: Ceiling Fan; Central Individual; Electric
Heating: Central
Fire Protect: Smoke Alarm; Smoke Detector
Special Info: City Jurisdiction
Tenant Pays: Electric
Utilities: Electric; Municipal Water; Public Sewer; Public Water
Waterfront Details: None
Security: None
Roof: Built-Up; Metal
Terms Considered: Cash; Conventional
Lease: None
Possession: At Closing; Funding
Listing Office: Community Realty Associates
Last Updated: April - 03 - 2024
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