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238 SE 1st Avenue Delray Beach, FL $ 4,950,000
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$ 4,950,000 Get more info
238 SE 1st Avenue
$ 4,950,000
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238 SE 1st Avenue

Delray Beach, FL, 33444
$ 4,950,000
Baths10.0 Sq 7,486

Monthly Estimate*

$ 32,899

238 SE 1st Avenue, Delray Beach, FL 33444 - Image 1
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238 SE 1st Avenue, Delray Beach, FL 33444 - Image 8
238 SE 1st Avenue, Delray Beach, FL 33444 - Image 9
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238 SE 1st Avenue, Delray Beach, FL 33444 - Image 11
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Studio

Commercial Property for sale in Delray Beach, FL

for $4,950,000 with 10 full baths. This 7,486 square foot building was built in 1972.

10 unit, 2 story fully renovated (2004) apartment building in a very desirable location in Delray Beach, FL. Property has been gutted and renovated including new roof, new hurricane impact windows, all new HVAC units, cabinetry/countertops/appliances, flooring, lighting, bathrooms, closets and fans. Finishes are all upgraded to a coastal contemporary finish. Property is selling vacant to offer investor flexibility for either standard tenant leases or short-term Airbnb rentals or alternative uses. Delray Beach is a vibrant and sought-after location for both residents and tourists alike, making this property an excellent investment opportunity. This prime location in South Florida, known for its beautiful beaches, thriving dining and entertainment scene, and cultural attractions,

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Commercial Active

Price

$ 4,950,000

Bedrooms

Studio

Full Bath

10

Property Type

Commercial

Taxes

$ 24,076

Style

Year Built

1972

Town/City

Delray Beach

County/Region

Palm Beach

MLS | Web ID

RX10974117
Features
General
Construction Concrete
Heating Central
Cooling Ceiling Fan Central Individual Electric
Utilities Electric Municipal Water Public Sewer Public Water
Possession At Closing Funding
Roof Built-Up Metal
Zoning RM-10
Security None
Status Active
Year Built 1972
Subdivision DELRAY TOWN OF
Stories 2.0
Type MultiFamily (5+ Units)
Property Type E
Area 4370
Auction No
Tax Year 2023
Terms Considered Cash Conventional
Use Other
Misc. Landscaped Sprinkler City
Special Info City Jurisdiction
Virtual Tour https://www.propertypanorama.com/238-SE-1st-Avenue-Delray-Beach-FL-33444/unbranded
Geo Area PB06
Legal Description TOWN OF DELRAY N 100 FT OF S 200 FT OF E 1/2 OF BLK 71
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Exterior
Waterfront No None
Lot Size 0.31
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Interior
Flooring Ceramic Tile
Total Number of Units 10
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Internal Only
OriginalMLSID RX-10974117
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* Excluded Features
List By
Douglas E. Addeo

Listing Agent

Community Realty Associates

Broker

addeod@comcast.net

Email

Affordability Calculator

$34,906
Per Month
94%
6%
0%
Monthly Principal & Interest
$32,899
Monthly Property Taxes
$2,006
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
368239 Elementary School
368240 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/2/2024$4,750,000 Listed Price

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238 SE 1st Avenue, Delray Beach, FL, 33444 is a Commercial Property for sale at $4,950,000 with 7,486 sqft. 238 SE 1st Avenue is a studio with 10.0 baths and was built in 1972. The property's zip code is 33444 which is in Delray Beach, FL

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