1211 NE 8th Avenue

    Delray Beach, FL 33483
    • $1,488,000
    • STATUS: Active
    • ON SITE: 123 days
    • ID#: RX-10523982
    Price Reduced
    UPDATED: 68 min ago
    $1,488,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,022
      SQFT
    • $492
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    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. Additionally preliminary 2019 tax records also shows the land alone is worth close to a million dollars.Owner would consider some financing.

    Monthly Payment Calculator


    © 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 2019-08-24T00:04:08.18.
    www.myreynoldsteam.com/homes/93935501

    1211 NE 8th Avenue Delray Beach, FL 33483

    • Price: $1,488,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: RX-10523982
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    3,022
    SQFT
    $492
    $/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. Additionally preliminary 2019 tax records also shows the land alone is worth close to a million dollars.Owner would consider some financing.
    Exterior Features

    Construction Cbs Roof Comp Shingle Waterfront Description None Waterfront YN No

    Interior Features

    Bath Toilets 8.00 Cooling Other Flooring Tile Heating Other Miscellaneous1 Laundry Percent Air Conditioned 100.00 Unit1 Full Baths 1 Unit1 Unit Desc Efficiency Unit2 Full Baths 1 Unit2 Unit Desc Efficiency Unit3 Unit Desc Efficiency Unit4 Unit Desc Efficiency Unit5 Unit Desc 1 Bedroom Unit6 Unit Desc 1 Bedroom Unit7 Unit Desc 1 Bedroom Unit8 Unit Desc 1 Bedroom

    Property Features

    Available Docs NoneSurvey Available Info Books & RecordsCopies Of LeaseOwner ManagedPhotos Built Desc Resale Expenses Insurance 2500.00 Expenses Real Estate Taxes 15000.00 Fire Protection Smoke Detector For Lease No For Sale Yes Lease AnnualMonth To Month List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location CitySubdivision Monetary Info Source Of Expenses Owner Possession At ClosingFunding Sale Includes Building And LandEquipmentFixtures Security None Special Info Corporate Owned Tax Amount Real Estate Taxes 15044.00 Tax Year 2018 Tenant Pays CableElectric Tenants 8 Terms Considered CashConventionalOther Type Of Building Resident. Multi-Fam. Unit1 Ann Rent 11700.00 Unit1 Rent Period Month Unit2 Ann Rent 11700.00 Unit2 Rent Period Month Unit3 Ann Rent 11700.00 Unit4 Ann Rent 11700.00 Unit4 Rent Period Month Unit5 Ann Rent 13800.00 Unit5 Rent Period Month Unit6 Ann Rent 13800.00 Unit6 Rent Period Month Unit7 Ann Rent 13800.00 Unit7 Rent Period Month Unit8 Ann Rent 13800.00 Unit8 Rent Period Month Use IncomeOther Utilities CableElectricPublic SewerPublic Water

    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 2019-08-24T00:04:08.18.
     
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