342 NE 3rd Ave
Delray Beach, FL 33444
Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Building Size | 4,123 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1946/2018 |
| Building Class | C | Parking Ratio | 2.91/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | CBD-RC | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,123 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1946/2018 |
| Parking Ratio | 2.91/1,000 SF |
| Zoning | CBD-RC |
About 342 NE 3RD AVE , DELRAY BEACH, FL 33444
This Investment provides a newly renovated six unit multi-family property in Artist Alley in the heart of Pineapple Grove. The property is 100% leased, provides immediate possibility increasing rents, then at some point redeveloping this property to a higher and better use that will secure even higher returns in the future. This current property is easy to keep filled based on the rents and location and will sustain itself with return until the time it is redeveloped. Ask the Listing Broker to share some of the current developments happening in the immediate area from the Ray Hotel, the mixed-use development next store, 48+ motorized parking Garage going in across the street, and the 2+ Acre Artist Alley Property starting at Lake Ida and going to the Arts Warehouse currently being planned for a mixed-use Adaptive Re-use of current building.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Property Taxes
| Parcel Number | 12-43-46-16-01-081-0200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,350,820 |
Property Taxes
