1211 NE 8th Avenue , 1,2,3,4,5,6,7,8

    Delray Beach, FL 33483
    • $1,490,000
    • STATUS: Active
    • ON SITE: 116 days
    • ID#: RX-10523981
    UPDATED: 55 min ago
    $1,490,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,022
      SQFT
    • $493
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Description

    In the heart of booming Delray this fully rented and renovated 8 unit building is ready and waiting for you to take it to the next level! 100% occupancy since the current owner bought the property in 2013. This building features four efficiencies and four 1 bedroom units, on site coin operated tenant laundry facility and also has a brand new roof. Located a half mile from downtown Delray and less than a mile to the beach! An already strong rental could be even stronger in comparison to the vacation rentals in the area who charge up to 3 times more based on monthly rentals. This turnkey operation is ready for a new owner.

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    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-08-17T20:04:20.263.
    www.myreynoldsteam.com/homes/93935488

    1211 NE 8th Avenue , 1,2,3,4,5,6,7,8 Delray Beach, FL 33483

    • Price: $1,490,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: RX-10523981
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,022
    SQFT
    $493
    $/SQFT
    1955
    Built
    Neighborhood:
    Kenmont
    County:
    Palm Beach
    Area:
    Delray Beach
    Property Description
    In the heart of booming Delray this fully rented and renovated 8 unit building is ready and waiting for you to take it to the next level! 100% occupancy since the current owner bought the property in 2013. This building features four efficiencies and four 1 bedroom units, on site coin operated tenant laundry facility and also has a brand new roof. Located a half mile from downtown Delray and less than a mile to the beach! An already strong rental could be even stronger in comparison to the vacation rentals in the area who charge up to 3 times more based on monthly rentals. This turnkey operation is ready for a new owner.
    Exterior Features

    Carport Spaces 0.00 Construction Cbs Exterior Features Custom LightingOpen PatioShedShutters Lot Description < 1/4 AcrePaved RoadPublic Road Lot Dimensions 67.0 Ft X 0.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking Space Parking Unit2 Parking Space Parking Unit3 Parking Space Parking Unit4 Parking Space Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Ceiling FanCentral IndividualElectric Flooring Ceramic Tile Heating Central IndividualElectricHeat Pump-Reverse Unit1 Desc A/C UnitBuilt-In ShelvesElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorSmoke Detector Unit1 Full Baths 1 Unit1 Furnished No Unit1 Info Efficiency Unit1 Sq Ft 220 Unit2 Desc A/C UnitBuilt-In ShelvesElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorSmoke Detector Unit2 Full Baths 1 Unit2 Furnished No Unit2 Info Efficiency Unit2 Sq Ft 220 Unit3 Bedrooms 1 Unit3 Desc A/C UnitBuilt-In ShelvesKitchenRefrigeratorSmoke Detector Unit3 Full Baths 1 Unit3 Sq Ft 400 Unit4 Bedrooms 1 Unit4 Desc A/C UnitBuilt-In ShelvesElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorSmoke Detector Unit4 Full Baths 1 Unit4 Sq Ft 400 Window Treatments Hurricane WindowsImpact Glass

    Property Features

    Annual Net Operating Income 82000.00 Annual Total Expenses 20000.00 Available Info Deposit SecurityLeases Built Desc Resale Gross Operating Income 102000.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Quad Plex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 3132.00 Subdivision Amenities Common Laundry Tax Amount 15044.00 Tax Year 2018 Taxes City/CountyNo Homestead Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 975.00 Unit2 Monthly Income 975.00 Unit3 Monthly Income 1175.00 Unit4 Monthly Income 1175.00 Utilities CableElectric Service AvailablePublic SewerPublic Water Zoning Rl(Cit

    Listing provided courtesy of Multiple Listing Solutions.

    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-08-17T20:04:20.263.
     
    The Reynolds Team/Treasure Coast Sotheby's International Realty
    1401 Highway A1A # 300
    Vero Beach FL, 32963