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607 Ne 7th Avenue 607 NE 7th Ave

4 Unit Apartment Building $2,630,700 CAD ($657,675 CAD/Unit) Delray Beach, FL 33483

Investment Highlights

  • One-story, 4-unit building for sale with the option to redevelop into single-family home or 2 units or short-term rentals.
  • 70' x 135' lot with a building size of 3,400 +/- SF, offering ample space for redevelopment or customization.
  • Well-maintained property with 7+/- parking spaces and a fenced lot, just a short distance from the beach and Atlantic Avenue.
  • Endless possibilities for investors or homeowners seeking a beachside property with rental income potential.

Executive Summary

*DO NOT DISTURB TENANTS!
Development Opportunity! Well maintained, one-story, 4-unit building for sale.
Property features 4-units, with 7+/- parking spaces, fenced lot. Short distance from the beach and Atlantic Avenue.
Lot size 70' x 135'. Building size 3,400 +/- SF
OPTION TO REDEVELOP into single family home or 2 Units or Short-Term Rentals.
*No warranty or representation expressed or implied is made as to the accuracy of the information contained herein and same is subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, & to any special listing.

Property Facts

Price $2,630,700 CAD
Price Per Unit $657,675 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 3,404 SF
No. Stories 1
Year Built/Renovated 1971/1998
Parking Ratio 2.06/1,000 SF

Site Amenities

  • Fenced Lot

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 $2,186 CAD 600
2+2 1 $1,991 CAD 1,100
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-43-46-09-24-000-0621
Land Assessment
$989,179 CAD
Improvements Assessment
$628,697 CAD
Total Assessment
$1,353,388 CAD

zoning

Zoning Code RM-Medium Density Res. (New construction, the R-1-A zoning for setbacks would apply.)
RM-Medium Density Res. (New construction, the R-1-A zoning for setbacks would apply.)
  • Listing ID: 28090609

  • Date on Market: 2023-03-29

  • Last Updated:

  • Address: 607 NE 7th Ave, Delray Beach, FL 33483

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