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242 NE 12th St Delray Beach, FL 33444
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Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,779 sqft
Price per Sqft $368
Subdivision Dell Park
MLS Listing ID A11492388
Sold Date 02/15/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1969
Annual Tax Amount $51,369
Tax Year 2023
Contingent No Contingencies
Property Description
Delray Drift is an 8 Unit multifamily located minutes from downtown Atlantic Avenue and beaches. The property is comprised of (4)2br/1ba and (4)1 br/1br housed in two buildings, with coin operated laundry, impact windows, central a/c, off street tenant parking, and lounge/patio for tenants enjoyment. Rents are currently below market, with 3 units on mtm. 1/1 should be $2200 +/- and 2br $2500 +/- per the high demand and pricing of downtown Delray Beach. Great opportunity to raise rents with no differed maintnance or capex needed to achieve market rate. PLEASE SEE ATTACHMENTS FOR OFFERING PACKAGE
Location
State FL
County Palm Beach County
Community Dell Park
Area 4360
Interior
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Exterior
Pool None
Utilities Available Cable Available
Roof Type Barrel
Total Parking Spaces 12
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 12434609280050100
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
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Bought with Home Sales Palm Beach