Delray Beach, FL 33483,1211 NE 8th AVE
Listed by Multiple Listing Solutions
Bought with Non-Member Selling Office
$1,300,000
$1,488,000
12.6%
Est.Price: ?

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8 BA
3,022 SqFt

1211 NE 8th AVE Delray Beach, FL 33483

Est. payment /mo
SOLD DATE : 11/20/2019

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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

Abv Grd Liv Area 6

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 No

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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