Delray Beach, FL 33483
$3,995,000
50 more
Presented By: This listing is courtesy of Blue Water RE LLC;
Beds • 9
Baths • 9
SQFT • 4,786
Home Details
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
Presented By: This listing is courtesy of Blue Water RE LLC;
Interior Features for
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Window FeaturesImpactGlass
General for
Additional Parcels Y/NNo
Attached Garage No
Building NameDelray Beach Apartments
Carport Y/NNo
CityDelray Beach
Construction MaterialsBlock
CoolingCentralAir
CountyPalm Beach
DirectionsFrom 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
ElectricAmps100
Expected Active Date 2025-05-28
Garage Y/NNo
HOANo
HeatingCentral, Electric
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionHIGHLAND PARK DELRAY LTS 27 & 28 BLK 121
LevelsOne
Lot Size Square Feet14566.0
Lot Size UnitsSquareFeet
MLS Area4220
MLS Area MinorPalm Beach 4220a; 4230b; 4360a; 4370b
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total9
Occupancy TypeCallAgent
OwnershipLimited Partnership
PostalCityDelray Beach
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofShingle
Security FeaturesSecuritySystem, Fenced
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count1
Structure TypeApartment, MultiFamily
Tax Annual Amount26010.0
Virtual TourClick here
Year Built DetailsNew Construction
Zoning DescriptionRM (city
Exterior for
Building Area Total4786.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area14566.0
Number of Buildings2
Number of Separate Electric Meters1
Parking FeaturesCommon
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking9.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Vincent Fatato
Realtor®
