126 NE 4th Ave - Apartments FOR SALE


Delray Beach, FL 33483- Downtown Delray Beach
$2,499,000 USD
561-789-7208
126 NE 4th Ave, Delray Beach, FL for Sale
$2,499,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

126 NE 4th Ave
Delray Beach, FL 33483
Downtown Delray Beach


HIGHLIGHTS

  • WALKING DISTANCE TO DOWNTOWN DELRAY AND ATLANTIC AVENUE (ONLY ONE BLOCK NORTH OF ATLANTIC)
  • LOCATED LESS THAN ONE (1) MILE FROM DELRAY'S PUBLIC BEACHES
  • CBD ZONING HAS NUMEROUS PERMITTED USES INCLUDING: RETAIL, OFFICE, MEDICAL, MULTIFAMILY, ETC.

OVERVIEW

This unique multifamily property has CBD Core zoning (Central Business District), which allows for numerous different uses including retail space, offices, multifamily, single family, hotels, motels, public parking, and many more. Recently renovated two unit property now available in the heart of coveted Downtown Delray Beach just one block north of Atlantic Avenue! This key west style property features two cottages that were both recently renovated. The main cottage features 2BD, 2BA with a spacious floor plan boasting nearly 1,300 Living SF. The back cottage also features 2BD, 2BA and approximately 800 Living SF. This property sits on a 9,000 SF lot and the CBD Zoning allows for development of up to 4 Stories and Maximum height of 54 Feet. Property currently operates as an Airbnb. DO NOT DISTURB TENANTS AND/OR GUESTS. This property is just steps from Atlantic Avenue and features a private fully fenced backyard with a pergola, jacuzzi, and plenty of green space. This property can be sold fully furnished and is the ideal vacation rental being located just seconds from everything that Delray has to offer, including F45, Johnnie Browns, El Camino, Park Tavern, Throw Social, Pinball Museum, Deck 84, as well as A1A and Delray's public beaches. CBD zoning code, permitted uses, property survey, etc. are available in documents tab.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$1,235 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,249,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DOWNTOWN DELRAY COTTAGES

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

CBD Zoning

APN/PARCEL ID

12-43-46-16-01-091-0060

ASK ABOUT THIS PROPERTY

Sean MooneyCompassMore Info
561-789-7208

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Sean MooneyCompassMore Info
561-789-7208

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.