1705-1709 NE 3rd Ave - Apartments FOR SALE


Delray Beach, FL 33444
$3,500,000 USD
561-313-6919
1705-1709 NE 3rd Ave, Delray Beach, FL for Sale
$3,500,000 USD
Apartments - FOR SALE
1/83
null | 6.4% Cap Rate

1705-1709 NE 3rd Ave
Delray Beach, FL 33444


HIGHLIGHTS

  • Successful Airbnb with financials
  • Completely Renovated in 2022: Hurricane Impact windows and doors, New roof, New AC's, Tankless water heater in each unit, new Plumbing and Electrical
  • Very large, Beautiful backyard space with new heated pool, corn-hole, ping pong, gazebo, fire pit, loungers and swings
  • Sold Turn-Key, each unit comes Completely Furnished. All kitchenware, linens, towels, etc included
  • Close to Downtown Delray and Beaches

OVERVIEW

Do not miss this opportunity to own these 4 units (two duplexes) charming turn-key high income producing vacation rental in the most beautiful beach town in south Florida. Completely remodeled from top to bottom, inside and out. New heated pool, beautifully landscaped low maintenance yard complete with turf and travertine pavers, corn-hole area, fire-pit, ping pong, large connect four, gazebo sitting area, lounge spaces with umbrellas, outdoor shower, two swings, hurricane impact windows and doors, new roof, new AC units, new plumbing and electrical. Each three-bedroom two bath unit comes completely furnished with private washer/drier, tankless water heater and private fenced/gated backyard patio per unit, each with its own 4 car driveway. Share the huge breathtaking backyard for a resort-style vacation retreat. Entire backyard and amenities are shared with all 4 units. Currently being used as a successful Airbnb with guests booked through winter of 2025. All future bookings can be transferred to new owner.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$891 USD /SF

# OF UNITS

10

PRICE/UNIT

$350,000

CAP RATE

6.4%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,450 SF

ZONING

-

APN/PARCEL ID

12-43-46-09-39-000-0380,12-43-46-09-39-000-0386

ASK ABOUT THIS PROPERTY

Danielle BatistaLoKation Real EstateMore Info
561-313-6919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Danielle BatistaLoKation Real EstateMore Info
561-313-6919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.