2259 Linton Ridge CirDelray Beach, FL 33444
- Apartment buildings
Property Details for 2259 Linton Ridge Cir
- Year built
- 1985
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Latitude
- 26.442
- Longitude
- -80.0775
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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