- MLS®RX-10815726
- StatusClosed
- $ 7,300,000
Featured
- Price
- $ 7,300,000
- Year build
- 1956
- Sub-type
- MultiFamily (5+ Units)
- Status
- Closed
Significant multifamily and development investment opportunity in east Delray Beach. Two adjoining properties (702 NE 8th Ave & 709 NE 7th St) are being offered together totaling 21 units on 0.33 of an acre. The first building contains (19) studio apartment units with an office, and the second is a duplex with (2) two bedroom, 1 bathroom units side by side. The properties are currently fully leased with upside for an investor to purchase and maximize revenue through redevelopment or optimizing rents to current full market values. A new roof was completed in 2021 and with a location only 0.6 miles to the beach, there is abundant potential for these properties.
Listing Courtesy of Engel & Voelkers Delray Beach
