351 7th Ave ,Free Standing, Income Non-waterfront for Sale & Rent

351 7th Ave for Sale & Rent

Price $4,400,000.00

• Lot size 14566
• Year Build 1954
• Waterfront
• Zip 33483
• Style
• Parking Description Common
• Pool Yes
• Status Active

Description

Fully renovated apartment complex located in prestigious Delray Beach. This complex consists of two buildings with nine rental units. All units are fully leased under a master lease. The owner pays property tax and insurance. Renovation included new roof, hurricane impact doors and windows. All new plumbing, new HVAC systems, new electrical panels and appliances. New pool with paver hardscape and landscaping. Resurfaced parking lot. This is an excellent opportunity that you don't want to miss. Located minutes from Downtown Delray, within the free Delray beach ride share, and walking distance to supermarket and drug store. Investors can purchase a fully leased apartment complex with excellent tenant. Master lease tenant is operating with a hotel license for short term rentals.

Excellent investment opportunity in a highly desired location. Must make appointment to show with listing agent. Please call to schedule. Information contained is accurate but not guaranteed and my be subject to changes, errors or omissions.

HIGHLAND PARK DELRAY LTS 27 & 28 BLK 121

Corner Lot, In Residential Area

Fully renovated apartment complex located in prestigious Delray Beach. This complex consists of two buildings with nine rental units. All units are fully leased under a master lease. The owner pays property tax and insurance. Renovation included new roof, hurricane impact doors and windows. All new plumbing, new HVAC systems, new electrical panels and appliances. New pool with paver hardscape and landscaping. Resurfaced parking lot. This is an excellent opportunity that you don't want to miss. Located minutes from Downtown Delray, within the free Delray beach ride share, and walking distance to supermarket and drug store. Investors can purchase a fully leased apartment complex with excellent tenant. Master lease tenant is operating with a hotel license for short term rentals.

City:Delray Beach,Zoning:RM (city,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:26.4690699,Cooling Y N:1,Heating Y N:1,List Price:4400000,Listing Id:A11419554,Longitude:-80.0658837,Mls Status:Active,Ownership:Limited Partnership,Year Built:1954,Directions:From I-95 proceed east on W Atlantic Ave, make left on NE 6th Ave (North ) to NE 4th Ave, make right and property on right two blocks. Corner of NE 7th Ave and NE 4th Street,Inclusions:Building & Land,Fixtures,Furniture, Furniture/Fixtures,Postal Code:33483,Street Name:7th Ave,Coordinates:1:26.4690699,Lot Features:1:In Residential Area,Photos Count:55,Building Name:Delray Beach Apartments,Business Type:1:Residential-Multi-Family,Days On Market:271,Lot Size Units:Square Feet,M I A M I R E_ Area:4220,On Market Date:2023-07-14,Parcel Number:12434616051210270,Parking Total:9,Property Type:Commercial Sale,Stories Total:1,Street Number:351,Public Remarks:Fully renovated apartment complex located in prestigious Delray Beach. This complex consists of two buildings with nine rental units. All units are fully leased under a master lease. The owner pays property tax and insurance. Renovation included new roof, hurricane impact doors and windows. All new plumbing, new HVAC systems, new electrical panels and appliances. New pool with paver hardscape and landscaping. Resurfaced parking lot. This is an excellent opportunity that you don't want to miss. Located minutes from Downtown Delray, within the free Delray beach ride share, and walking distance to supermarket and drug store. Investors can purchase a fully leased apartment complex with excellent tenant. Master lease tenant is operating with a hotel license for short term rentals.,County Or Parish:Palm Beach County,List Office Name:Blue Water RE LLC,Private Remarks:Excellent investment opportunity in a highly desired location. Must make appointment to show with listing agent. Please call to schedule. Information contained is accurate but not guaranteed and my be subject to changes, errors or omissions.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:5536,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:26010,Unparsed Address:351 NE 7th Ave, Delray Beach FL 33483,Building Features:1:Pool,Listing Agreement:Exclusive Right To Sell,Security Features:1:Security System,Year Built Details:New Construction,Building Area Total:4786,Building Area Units:Square Feet,Lot Size Square Feet:14566,Number Of Buildings:2,Original List Price:4950000,Previous List Price:4450000,Public Survey Range:12,I D X Participation Y N:1,Syndication Remarks:Fully renovated apartment complex located in prestigious Delray Beach. This complex consists of two buildings with nine rental units. All units are fully leased under a master lease. The owner pays property tax and insurance. Renovation included new roof, hurricane impact doors and windows. All new plumbing, new HVAC systems, new electrical panels and appliances. New pool with paver hardscape and landscaping. Resurfaced parking lot. This is an excellent opportunity that you don't want to miss. Located minutes from Downtown Delray, within the free Delray beach ride share, and walking distance to supermarket and drug store. Investors can purchase a fully leased apartment complex with excellent tenant. Master lease tenant is operating with a hotel license for short term rentals.,Listing Contract Date:2023-07-14,Originating System I D:miamire,Public Survey Section:16,Street Number Numeric:351,Tax Legal Description:HIGHLAND PARK DELRAY LTS 27 & 28 BLK 121,Electric On Property Y N:1,Gross Scheduled Income:252000,Public Survey Township:12,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,M I A M I R E_ Internet Remarks:Investors dream! Fully leased apartment complex located in prestigious Delray Beach. Includes two buildings with nine rental units.,Contract Status Change Date:2023-07-14,Distance To Freeway Numeric:2,Number Of Units In Community:9,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,