Address
173 SE 5th Avenue Delray Beach, FL
Price
$ 2,499,000
Property Attributes
- MLS#RX-10686249
- TypePending
- CountyPALM BEACH
- CityDelray Beach
- Area4230
- NeighborhoodDelray Town Of
- Zip33483
- StyleIncome
- Year Built1946
- Taxes34726
- Price$ 2,499,000
- Bedrooms0
- Full Bathrooms9
- Half Bathrooms0
Listing Provided Courtesy Of:
Posh Properties
Data Source:
Beaches MLS
Property Description
Prime real estate opportunity right in downtown Delray Beach and Atlantic Avenue! Best/most liberal zoning Central Business District (CBD) which allows for Hotels, Retail, and Office! This property has enormous potential for conversion to a Boutique Hotel, The property consists of two buildings, nine units in total. (161/173 SE 5th) The Total monthly gross income is $12,050/mo. Fully rented, updated kitchens, large one-bedrooms, and studios, tons of parking in front & back of the building, & coin-operated laundry. Back alley for parking, entry to the building, and trash. Beautiful courtyard next to the buildings. Partial hurricane shutters. One water meter for each building and separate electric meters for each unit. In the heart of Delray Beach development.
| Price History | |
|---|---|
| 1/21/2021 | Listed $2,499,000 |
General Features
| Area | 4230 |
|---|---|
| Auction | No |
| Built Desc | Resale |
| Construction | CBS |
| Contingent | Pending |
| Cooling | Wall-Win A/C |
| Flooring | Tile |
| For Lease | No |
| Geo Area | PB06 |
| Geo Lat | 26.458567 |
| Geo Lon | -80.067702 |
| Heating | No Heat |
| Legal Description | TOWN OF DELRAY LT 8 (LESS W 10 FT RD R/W) BLK 110 |
| Location | Central Business Dst |
| Misc. | Fenced, Laundry |
| Possession | At Closing, Funding |
| Property Type | E |
| Roof | Comp Rolled, Comp Shingle |
| Status | Pending |
| Stories | 2.0 |
| Subdivision | DELRAY TOWN OF |
| Tax Year | 2020 |
| Tenant Pays | Cable, Electric |
| Terms Considered | Cash, Conventional |
| Total Expenses | 44687.00 |
| Type | Commercial Industrial |
| Type Of Building | Income, Resident. Multi-Fam. |
| Use | Income |
| Utilities | Public Water |
| Virtual Tour | https://www.propertypanorama.com/173-NE-5th-Avenue-Delray-Beach-FL-33483/unbranded |
| Waterfront | No |
| Year Built | 1946 |
| Zoning | CBD |
Interior Features
| Ceiling | Exposed, Height Varies |
|---|---|
| Total Number of Units | 9 |
| Unit 1: Unit Desc | 1 Bedroom |
| Unit 2: Unit Desc | Efficiency |
Exterior Features
| Sale Includes | Building and Land |
|---|---|
| Lot Size | 0.34 |
| Property Desc | Multi-family |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 33483
Price
Taxes
Visits
Year Built
Walkscore
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to indentify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
