For Sale
$1,950,000

607 7Th AveDelray Beach, FL 33483

Prime Delray Beach 4-unit building. Redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a well-maintained, single-story, four-unit apartment building situated on a 0.21-acre lot in desirable Delray Beach, Florida. Boasting 3,404 square feet of living space, the property is priced at $1,950,000, or $572.86 per square foot, and $487,500 per unit. The building features seven or more parking spaces within a fenced lot, offering ample convenience for residents. Its prime location places it a short distance from the beach and the vibrant Atlantic Avenue, enhancing its appeal and potential rental income. The property is zoned RM, providing flexibility for future development. The lot dimensions measure 70 feet by 135 feet. This property presents a unique opportunity for investors seeking immediate income generation with the added potential for redevelopment. Options include expanding into a single-family home, converting to a two-unit building, or developing short-term rentals. The property's strong location and versatile zoning make it an attractive investment with significant upside potential. The address is 607 NE 7th Ave, Delray Beach, FL 33483, APN 12434609240000621. Please note: Do not disturb tenants.

Highlights

  • Well-maintained, four-unit apartment building in desirable Delray Beach, FL.
  • 3,404 square feet on a 0.21-acre lot, priced at $1,950,000 ($572.86/SF, $487,500/unit).
  • Seven or more parking spaces in a fenced lot.
  • Short distance to the beach and Atlantic Avenue.
  • RM zoning allows for future development options.
  • Lot dimensions: 70' x 135'.

Property Details for 607 7Th Ave

Property type
Apartment buildings
Square Feet
3,404 SF
Class
A
Buildings
1
Stories
1
Lot Size (sq. ft)
9,148 SF
Units
4

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.471917450766
Longitude
-80.066256472566
607 7Th Ave, Delray Beach, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
607 7Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message