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    311 N Swinton Avenue

    Delray Beach, FL 33444
    • $829,000
    • STATUS: Active
    • ON SITE: 124 days
    • ID#: RX-10641041
    UPDATED: 57 min ago
    $829,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,728
      SQFT
    • $480
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1971
    County:
    Area:

    School Ratings & Info

    Description

    Season is just around the corner, and a great time to secure your spot in Delray Beach! 4 bed/3 bath property, downtown Delray with multi-zoning uses. This unique property can be your residential home in the Historic District, as it is renovated and ready for an easy conversion to a large single-family home. Also a prime location and design for Airbnb as vacation rental income, or as a seasonal/annual rental. Additionally, it is downtown residential/commercial real estate, perfect for office space in the Historic District.The potential of this property is vast, and the ultimate location to benefit from all that downtown Delray Beach has to offer. Five minute walk to Atlantic Ave, and in the heart oOld School Square Historic Arts District, in Pineapple Grove. Zoned as Multifamily < 10 Units, and also both residential and commercial (office), the property offers endless possibilities. The immediate local area is quickly being redeveloped, and is now a major attraction for shoppers and diners. Set amidst multimillion dollar construction of boutique hotels, to include The Ray Hotel, plus the newly downtown development of Atlantic Crossings. This is a highly desirable location in beautiful South Florida, with unlimited income possibilities. Residential, vacation rental, seasonal rental, annual residential rental, or prime commercial real estate zoning. In addition, it could be the perfect primary home near the beach, along with the potential to also earn income while living there. An ideal real estate acquisition for investors wishing to live downtown Delray Beach, or for investors seeking property in a highly sought after location as prime location for a build opportunity, or renovation into a single family home. Currently, there is a 2 unit structure, comprising of a total of 4 bedrooms, and 3 bathrooms, perfect for renovation into a single family home. Featuring 2 bedrooms and 2 bathrooms in the first unit, and 2 bedrooms, 1 bathroom in the second unit. The units each benefit from separate address's and private entrances, one facing beautiful Swinton Avenue, and the other entrance via one of Delray's charming alleyways just east of Swinton Avenue. Ample parking at the front, and parking also at the rear of the property. Updated and ready to move in, with immediate income potential. There is also a very large, private back and side yard area for entertaining and hosting guests, with newly planted coconut trees, a sprinkler system, and night lights. Currently owner occupied on one side, and set up as a vacation rental on the other. Similar nearby Seasonal Rental units yield $4,000 - $5,500 per unit/per month, or $200 per night. Comparable Annually Leased units derive $2,100 - $3,500 per unit/per month. A unique opportunity to own in the heart of Delray Beach, call for your private viewing today!

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    www.myreynoldsteam.com/homes/108158459
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    311 N Swinton Avenue Delray Beach, FL 33444

    • Price: $829,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: RX-10641041
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,728
    SQFT
    $480
    $/SQFT
    1971
    Built
    Neighborhood:
    Delray Town Of
    County:
    Palm Beach
    Area:
    Delray Beach
    Property Description
    Season is just around the corner, and a great time to secure your spot in Delray Beach! 4 bed/3 bath property, downtown Delray with multi-zoning uses. This unique property can be your residential home in the Historic District, as it is renovated and ready for an easy conversion to a large single-family home. Also a prime location and design for Airbnb as vacation rental income, or as a seasonal/annual rental. Additionally, it is downtown residential/commercial real estate, perfect for office space in the Historic District.The potential of this property is vast, and the ultimate location to benefit from all that downtown Delray Beach has to offer. Five minute walk to Atlantic Ave, and in the heart oOld School Square Historic Arts District, in Pineapple Grove. Zoned as Multifamily < 10 Units, and also both residential and commercial (office), the property offers endless possibilities. The immediate local area is quickly being redeveloped, and is now a major attraction for shoppers and diners. Set amidst multimillion dollar construction of boutique hotels, to include The Ray Hotel, plus the newly downtown development of Atlantic Crossings. This is a highly desirable location in beautiful South Florida, with unlimited income possibilities. Residential, vacation rental, seasonal rental, annual residential rental, or prime commercial real estate zoning. In addition, it could be the perfect primary home near the beach, along with the potential to also earn income while living there. An ideal real estate acquisition for investors wishing to live downtown Delray Beach, or for investors seeking property in a highly sought after location as prime location for a build opportunity, or renovation into a single family home. Currently, there is a 2 unit structure, comprising of a total of 4 bedrooms, and 3 bathrooms, perfect for renovation into a single family home. Featuring 2 bedrooms and 2 bathrooms in the first unit, and 2 bedrooms, 1 bathroom in the second unit. The units each benefit from separate address's and private entrances, one facing beautiful Swinton Avenue, and the other entrance via one of Delray's charming alleyways just east of Swinton Avenue. Ample parking at the front, and parking also at the rear of the property. Updated and ready to move in, with immediate income potential. There is also a very large, private back and side yard area for entertaining and hosting guests, with newly planted coconut trees, a sprinkler system, and night lights. Currently owner occupied on one side, and set up as a vacation rental on the other. Similar nearby Seasonal Rental units yield $4,000 - $5,500 per unit/per month, or $200 per night. Comparable Annually Leased units derive $2,100 - $3,500 per unit/per month. A unique opportunity to own in the heart of Delray Beach, call for your private viewing today!
    Exterior Features

    Roof Comp Shingle Waterfront YN No

    Interior Features

    Bath Toilets 3.00 Cooling Central Flooring Vinyl Floor Heating Central Percent Air Conditioned 0.00

    Property Features

    Available Docs Survey Available Info Owner ManagedPhotos Fire Protection Smoke Detector For Lease Yes For Sale Yes Lease Annual List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Possession At Closing Sale Includes Building And Land Tax Amount Real Estate Taxes 8671.69 Tax Year 2019 Tenant Pays Electric Terms Considered Assumable-QualifyCashConventionalFhaWill Rent Type Of Building CommercialOffice SpaceOtherResident. Multi-Fam. Use Other Utilities ElectricPublic SewerPublic WaterSeparate Meter

    Listing provided courtesy of Lehmann Realty Inc.. Listing information © 2020 BeachesMLS
     
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    The Reynolds Team/ONE Sotheby’s International Realty
    1701 Highway A1A, Suite 104
    Vero Beach FL, 32963