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Opportunity Zone Development Portfolio 39 SW 6th Ave 2 Unit Apartment Building $1,000,000 ($500,000/Unit) Delray Beach, FL 33444
INVESTMENT HIGHLIGHTS
- Two Contiguous Land Parcels Adjacent to a CRA Project Anchored by a 20,000 SF Grocery Store
- Prime Redevelopment Opportunity Within Delray Beach CRA Redevelopment Zone
- Great Land Banking Investment with a Cash Flowing Duplex Throwing Over $57K Annually
EXECUTIVE SUMMARY
Exceptional Opportunity Zone Development Offering in the Heart of Delray Beach, Right on SW 6th Ave adjacent to the CRA's 6 Acres Development Site Fronting Atlantic Ave between SW 6th Ave & SW 9th Ave
Located less than one block from vibrant Atlantic Avenue, 39 SW 6th Ave presents a rare investment opportunity surrounded by numerous transformative projects currently progressing through the development pipeline.
Available at $1,000,000, this Qualified Opportunity Zone (QOZ) site includes:
A soon to be vacant duplex and A contiguous vacant parcel, bringing the total land area to 13,940 SF
Positioned directly adjacent to the highly anticipated Delray Beach CRA redevelopment project, soon to be anchored by a 20,000+ SF grocery store, this site offers prime potential for future growth and value creation.
Investors can benefit from significant federal tax advantages, including the ability to defer or potentially eliminate capital gains taxes through Opportunity Zone incentives.
Whether you are looking to develop, hold, or capitalize on the surging momentum of Delray’s west-side renaissance, this property is a standout offering in a rapidly evolving market.
Don’t miss this rare chance to secure a strategic development site in one of South Florida’s fastest-growing corridors.
Located less than one block from vibrant Atlantic Avenue, 39 SW 6th Ave presents a rare investment opportunity surrounded by numerous transformative projects currently progressing through the development pipeline.
Available at $1,000,000, this Qualified Opportunity Zone (QOZ) site includes:
A soon to be vacant duplex and A contiguous vacant parcel, bringing the total land area to 13,940 SF
Positioned directly adjacent to the highly anticipated Delray Beach CRA redevelopment project, soon to be anchored by a 20,000+ SF grocery store, this site offers prime potential for future growth and value creation.
Investors can benefit from significant federal tax advantages, including the ability to defer or potentially eliminate capital gains taxes through Opportunity Zone incentives.
Whether you are looking to develop, hold, or capitalize on the surging momentum of Delray’s west-side renaissance, this property is a standout offering in a rapidly evolving market.
Don’t miss this rare chance to secure a strategic development site in one of South Florida’s fastest-growing corridors.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$58,224
|
$48.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,224
|
$48.52
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $58,224 |
| Annual Per SF | $48.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $58,224 |
| Annual Per SF | $48.52 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,000,000 | Building Class | C |
| Price Per Unit | $500,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 1,200 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM - steps from the SW 600 Block RFP site (planned grocery-anchored redevelopment) 4–6 unit multifamily project, Townhomes, Or future mixed-use | ||
| Price | $1,000,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1957 |
| Opportunity Zone |
Yes |
| Zoning | RM - steps from the SW 600 Block RFP site (planned grocery-anchored redevelopment) 4–6 unit multifamily project, Townhomes, Or future mixed-use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,426 | - |
1 1
Walk Score®
Very Walkable (74)
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Opportunity Zone Development Portfolio | 39 SW 6th Ave
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