607 7Th AveDelray Beach, FL 33483

Property Details for 607 7Th Ave

Lot size

0.21 AC

Property size (Sq ft)

3,404 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Delray Beach

County

Palm Beach

State

Florida

Latitude

26.4719

Longitude

-80.0663

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