711 Southeast 2nd Street

Delray Beach, FL 33483

$4,200,000
Last Sold Price
Beds
2,390 Sq. Ft.
$1,757 / Sq. Ft.
2,390
Sq. Ft.
$1,757
per Sq. Ft.

Description

Value-Add Opportunity in the Delray Beach Marina District! Huge income upside and room for future development, currently fully leased and updated. Statement marble floors top line finishes fully furnished just STEPS from all the shopping and dining on Atlantic Avenue and the BEST beaches in SOFLO. PLEASE do not disturb tenants: Fully-occupied property of two studio units and two 2 bed 1bath units, all equipped with modern kitchens and bathrooms and each unit has a new stackable W/D, a private, secure...Value-Add Opportunity in the Delray Beach Marina District! Huge income upside and room for future development, currently fully leased and updated. Statement marble floors top line finishes fully furnished just STEPS from all the shopping and dining on Atlantic Avenue and the BEST beaches in SOFLO. PLEASE do not disturb tenants: Fully-occupied property of two studio units and two 2 bed 1bath units, all equipped with modern kitchens and bathrooms and each unit has a new stackable W/D, a private, secure pet friendly fenced yard. Marina slip rental adjacent to put your yacht. NO rental restrictions. Income figures based on rentals at present time. Sold furnished. Freshly painted exterior, new fence, all new landscaping. Perfect for vacation rentals, ABNB or Owner to live work play in Del
  1. Listed by Paul Edward Daurio • Engel & Voelkers Delray Beach

Property Details for 711 Southeast 2nd Street

Subdivision
DELRAY TOWN OF
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water

Location

Listing Courtesy of Engel & Voelkers Delray Beach

Sold By Sutter & Nugent LLC

Add your commute
LISTING UPDATED: 02/02/2023 01:01 PM

Property Details for 711 Southeast 2nd Street

StatusClosed
MLS #RX-10787194
Days on Market62
Taxes$14,292 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1967
Lot Size0.20 AC / 8,694 SF
CountyPalm Beach County

Location

Listing Courtesy of Engel & Voelkers Delray Beach

Sold By Sutter & Nugent LLC

Add your commute

Building Information for 711 Southeast 2nd Street

Stories1Residences4Year Built1967Building Size-Lot Size0.20 AC / 8,694 SF

Payment Calculator

$24,112 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,921

Property Taxes

$1,191

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 711 Southeast 2nd Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: From Atlantic Avenue go South on 7th Ave to the Round-about the property is on the corner of 7th Ave and 2nd St. adjacent from Chapel 4.
  • Elementary School: Bayview Elementary School
  • Middle School: Carver Middle School
  • High School: Atlantic High School
  • Geo Area: Palm Beach 4220a; 4230b; 4360a; 4370b
  • Street Number: 711
  • Subdivision Complex Bldg: DELRAY TOWN OF
  • Municipal Code: Delray Beach
  • State: FL
  • City Postal ID: 33483
  • MLS Area: 4230
  • MLS Sub Area: PB06
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2021
  • HOA Dues: $0
Property
Lot Information
  • Area: 4230
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre, Corner Lot, East of US-1, Paved Road
  • Lot Dimensions: 143.0 ft x 0.0 ft
  • Parcel ID: 12434616011260160
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 2,576
  • Square Ft Source: Tax Rolls
  • Zoning: RM(cit
Property and Assessments
  • Legal Desc: TOWN OF DELRAY LT 16 BLK 126
  • Sq Ft Liv Area: 2390.0
  • Legal Description: TOWN OF DELRAY LT 16 BLK 126
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: Auto Sprinkler
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Tar/Gravel
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Central Building
  • Flooring: Tile
  • Heating: Central
  • Window Treatments: Blinds
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $169,316.00
  • Income & Expenses: Annual Total Expense: $50,284.00
  • Income & Expenses: Gross Operating Inc: $219,600.00
  • Tenant Pays: None
Unit 1
  • Unit 1 Desc: A/C Unit, Dryer, Electric Meter, Kitchen, Microwave, Patio, Range - Electric, Refrigerator, Smoke Detector, W/D Hookup, Washer
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Half Bath: 1
  • Unit 1 Info: Monthly Income: 6,500
  • Unit 1 Info: SqFt: 840.0
  • Unit 1 Parking: Open Parking, Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Electric Meter, Kitchen, Patio, Range - Electric, Refrigerator, Window Cover
  • Unit 2 Info: Bedrooms: 0
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Lease Ends: 04-01-2023
  • Unit 2 Info: Monthly Income: $2,800
  • Unit 2 Info: SqFt: 285.0
  • Unit 2 Parking: Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Electric Meter, Kitchen, Microwave, Patio, Range - Electric, Refrigerator, Window Cover
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Lease Ends: 07-01-2022
  • Unit 3 Info: Monthly Income: $3,500.00
  • Unit 3 Info: SqFt: 285.0
  • Unit 3 Parking: Space Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Electric Meter, Kitchen, Microwave, Patio, Window Cover
  • Unit 4 Info: Bedrooms: 2
  • Unit 4 Info: Furnished: Yes
  • Unit 4 Info: Monthly Income: $5,500.00
  • Unit 4 Info: SqFt: 840.0
  • Unit 4 Parking: Open Parking, Space Parking
Agent
Agent Only
  • Selling Agent Full Name: Eileen J Smith
  • Selling Office Branch ID: 304198
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 711 Southeast 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 711 Southeast 2nd Street

Taxable ValueLand$1,875,500Additions$1,106,062Total$2,981,562
Tax Record2023$56,901 ($4,742 / month)
Home Facts
Baths4Total Finished SqFt2,390 SqFtAbove Grade Finished SqFt2,390 SqFtStories1Lot Size8,695 SqFtStyleQuadraplexYear Built1967Year Renovated2020ZoningRMCountyPALM BEACHAPN12-43-46-16-01-126-0160

Schools near 711 Southeast 2nd Street

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 5
Rating
School
Distance
Pine Grove Elementary School
PublicPK to 5

Carver Middle School
Public6 to 8

Atlantic High School
Public9 to 12

S. D. Spady Elementary School
PublicPK to 5

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

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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 Engel & Voelkers Delray Beach

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.