Bought with Non-Member Selling Office
$1,300,000
$1,488,000
12.6%For more information regarding the value of a property, please contact us for a free consultation.
1211 NE 8th AVE Delray Beach, FL 33483
8 Baths
3,022 SqFt
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 3,022 sqft
Price per Sqft $430
Subdivision Kenmont
MLS Listing ID RX-10523982
Sold Date 11/20/19
Construction Status Resale
Year Built 1955
Annual Tax Amount $15,044
Tax Year 2018
Lot Size 10,890 Sqft
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.
Location
State FL
County Palm Beach
Area 4220
Zoning RL(cit
Interior
Heating Other
Cooling Other
Flooring Tile
Fireplaces Type Smoke Detector
Exterior
Community Features Corporate Owned
Utilities Available Cable, Electric, Public Sewer, Public Water
Waterfront Description None
Roof Type Comp Shingle
Present Use Corporate Owned
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Security Features None
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
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