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Delray Beach Apartments

$4,400,000

Delray Beach, FL 33483

Active
Last Updated: 01/29/2025

4,786 sqft

Building Size

9

Units

Details:
Building Size:    4,786 sqft
Units:    9
Year Built:    1954
Floors:    1
Parking Spots:    9
Highlights:
  • Lot Features: Corner Lot, In Residential Area
  • Building Features: Laundry Facilities, Pool
  • Number Of Buildings: 2
  • Cooling: Central Building A/C
  • Heating: Central Electric
  • Electric: 100 Amp Service
  • Flooring: Tile
  • Construction Materials: Sheet Rock
  • Parking Features: Common
  • Security Features: Security Fence, Security System
  • Ownership: Limited Partnership
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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