Bought with Atlantic One Realty Group LLC
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Key Details
Sold Price $390,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $216
Subdivision Highland Park Delray
MLS Listing ID RX-10378391
Sold Date 04/02/18
Bedrooms 2
Full Baths 4
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 6
Year Built 1963
Annual Tax Amount $8,559
Tax Year 2016
Lot Size 7,453 Sqft
Property Description
This investment asset has been under the same ownership for over 20 years. The current tenants have been in place for 17 years and 10 years respectively. Both tenants are on Month to month leases at rents of $900 a month in a market where these 2 bedroom and 1 bath units could secure $1,800 a month easily. This investment property represents an incredible opportunity to secure a multifamily property in the highly sough after downtown core of Delray Beach. Located just four blocks north of Atlantic Avenue and in close proximity to Publix, Walgreens, and other retail, restaurants and attractions. This property will provide an investor instant upside in raising the rents to market with even greater upside in the future based on the market growth and some minor renovations while pushing rents
Location
State FL
County Palm Beach
Area 4220
Zoning RM(cit
Interior
Heating Other
Cooling Other
Flooring Tile
Exterior
Exterior Feature Open Patio
Utilities Available Public Sewer, Public Water
Amenities Available None
Waterfront No
Waterfront Description None
View Garden
Roof Type Comp Shingle
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation CBS
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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934 N University Dr. Suite 226, Springs, FL, 33071, United States