For Sale
$1,200,000

2259 Linton Ridge CirDelray Beach, FL 33444

Five-unit apartment building, turnkey investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of five two-bedroom, two-bathroom apartment units located at 2259 Linton Ridge Cir, Delray Beach, FL 33444. All units are situated within the same well-maintained complex and are currently under lease, generating a substantial monthly income. The asking price for this package deal is $1,200,000. The combined monthly rent is $9,500, with individual HOA fees of $405 per unit and taxes of $177 per unit. After accounting for HOA fees and taxes, the net monthly income totals $6,590, representing a 6.6% net return. Built in 1985, this turnkey investment requires no waiting periods or rental restrictions, offering immediate cash flow. Delray Beach's robust growth and desirability make this a phenomenal long-term investment opportunity in a highly sought-after South Florida location. The units are professionally maintained and offer a hassle-free entry into the lucrative South Florida rental market. This is a rare opportunity to acquire a five-unit package deal, providing immediate income and significant long-term potential. No individual unit sales are available; this is a complete package only.

Highlights

  • $1,200,000 asking price for a five-unit apartment building package deal.
  • Located at 2259 Linton Ridge Cir # G12, Delray Beach, FL 33444.
  • Property consists of five (2/2) units; all units are currently leased.
  • Generating $9,500 monthly rental income; $6,590 net monthly income after HOA ($405/unit/month) and taxes ($177/unit/month) are deducted.
  • Built in 1985.

Property Details for 2259 Linton Ridge Cir

Property type
Apartment buildings
Year Built
1985

Location Insight

City
Delray Beach
County
Palm Beach
State
Florida
Latitude
26.4419645
Longitude
-80.0774789
2259 Linton Ridge Cir, 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].
2259 Linton Ridge Cir
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