Fall Ridge of Delray presents a compelling opportunity to acquire a well-scaled, garden style multifamily asset in one of South Florida’s most established rental markets. The property consists of a 51,300 square foot building with 60 residential units, offering investors immediate scale and operational efficiency within a single asset. Constructed in 1980, the building reflects a classic low-rise multifamily design that continues to appeal to a broad renter profile seeking functional layouts and long-term housing stability.
The property’s unit count and building size position it favorably for professional management and value-oriented investment strategies. With 60 units under one roof, ownership benefits from economies of scale, streamlined maintenance, and consistent cash flow potential. The RM – Multiple Family (Medium) zoning provides flexibility for continued multifamily use and supports long-term hold strategies within an established zoning framework, reducing entitlement risk for investors.
Fall Ridge of Delray offers a strong foundation for both stable income and future upside through targeted capital improvements, operational efficiencies, and potential rent growth. Its vintage construction allows for a value-add approach while maintaining durable fundamentals typical of well-located garden-style assets. For multifamily investors focused on medium-density properties, the asset represents a rare opportunity to acquire scale, zoning certainty, and long-term multifamily viability within a single, cohesive property.