238 Southeast 1st Avenue

Delray Beach, FL 33444

$4,950,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

10 unit, 2 story fully renovated (2004) apartment building in a very desirable location in Delray Beach, FL. Property has been gutted and renovated including new roof, new hurricane impact windows, all new HVAC units, cabinetry/countertops/appliances, flooring, lighting, bathrooms, closets and fans. Finishes are all upgraded to a coastal contemporary finish. Property is selling vacant to offer investor flexibility for either standard tenant leases or short-term Airbnb rentals or alternative uses....10 unit, 2 story fully renovated (2004) apartment building in a very desirable location in Delray Beach, FL. Property has been gutted and renovated including new roof, new hurricane impact windows, all new HVAC units, cabinetry/countertops/appliances, flooring, lighting, bathrooms, closets and fans. Finishes are all upgraded to a coastal contemporary finish. Property is selling vacant to offer investor flexibility for either standard tenant leases or short-term Airbnb rentals or alternative uses. Delray Beach is a vibrant and sought-after location for both residents and tourists alike, making this property an excellent investment opportunity. This prime location in South Florida, known for its beautiful beaches, thriving dining and entertainment scene, and cultural attractions,
  1. Listed by Douglas E. Addeo • Community Realty Associates

Property Details for 238 Southeast 1st Avenue

Subdivision
DELRAY TOWN OF
Waterfront
No
Waterfront Details
None

Location

Listing Courtesy of Community Realty Associates
Add your commute
LISTING UPDATED: 04/03/2024 09:11 AM

Property Details for 238 Southeast 1st Avenue

StatusActive
MLS #RX-10974117
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industry / MultiFamily (5+ Units)
Year Built1972
Lot Size-
CountyPalm Beach County

Location

Listing Courtesy of Community Realty Associates
Add your commute

Building Information for 238 Southeast 1st Avenue

Stories-Residences-Year Built1972Building Size-Lot Size-

Payment Calculator

$29,020 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,014

Property Taxes

$2,006

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 238 Southeast 1st Avenue

Summary
Location and General Information
  • Directions: E Atlantic Ave to south on SE 1st Ave
  • Geo Area: Palm Beach 4220a; 4230b; 4360a; 4370b
  • Special Info: City Jurisdiction
  • Street Number: 238
  • Subdivision Complex Bldg: DELRAY TOWN OF
  • Municipal Code: Delray Beach
  • State: FL
  • City Postal ID: 33444
  • MLS Area: 4370
  • MLS Sub Area: PB06
Taxes and HOA Information
  • Comm/Trans Brk: 3%
  • Tax Year: 2023
Property
Lot Information
  • Area: 4370
  • Parcel ID: 12434616010710060
  • Property Group ID: 19990816212135227274000000
  • Square Ft Source: Owner
  • Zoning: RM-10
Property and Assessments
  • Acres: 0.31
  • For Sale: Yes
  • Legal Desc: TOWN OF DELRAY N 100 FT OF S 200 FT OF E 1/2 OF BLK 71
  • Legal Description: TOWN OF DELRAY N 100 FT OF S 200 FT OF E 1/2 OF BLK 71
Utilities
  • Utilities: Electric, Municipal Water, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Concrete Block Construction, Concrete Block With Brick
  • Security: None
Interior Features
  • Roof: Built-Up, Metal
  • Cooling: Ceiling Fan, Central Individual, Electric
  • Flooring: Ceramic Tile
  • Heating: Central
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Tenant Pays: Electric

Property History for 238 Southeast 1st Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 238 Southeast 1st Avenue

Taxable ValueLand$643,000Additions$561,633Total$1,204,633
Tax Record2023$24,077 ($2,006 / month)
Home Facts
Total Finished SqFt6,768 SqFtAbove Grade Finished SqFt6,768 SqFtStories2Lot Size13,883 SqFtStyleMulti-Family Res (5+ Units)Year Built1972Year Renovated1980ZoningRMCountyPALM BEACHAPN12-43-46-16-01-071-0060

Schools near 238 Southeast 1st Avenue

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Pine Grove Elementary School
PublicPK to 5

Carver Middle School
Public6 to 8

Atlantic High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

238 Southeast 1st Avenue is a multi-family home for sale in Delray Beach, FL 33444. This property was listed for sale on April 2, 2024 by Community Realty Associates, it's currently listed at $4,950,000. It has been on the market for a total of 28 days and was last sold on October 8, 2021. This listing's school district is Palm Beach. Nearby schools include Pine Grove Elementary School, Carver Middle School and Atlantic High School. 238 Southeast 1st Avenue is a 0-bed, 0-bath, multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Community Realty Associates

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.