Multifamily in Delray Beach, FL 33483
Linns, 214 SE 4th Ave

Own in Linns?
Beds
1,868
SqFt
$803
$/SqFt
Sold - Apr 01, 2021
High-End Multifamily
Built in 1947
Lighting
One of a kind CASH COW, two blocks off ''the Ave'' GUT RENO/4-Unit Investment Prop w/heated pool. All new renovation to the core. Lucrative margins!!! Lux, furnished turnkey Villas...operated as exec or vacation rental. Always full. 5-Star Reviews. ''Melrose Place'' compound w/many repeat guests. NOI >$176K/year in 2020 when 1/2 year was closed to Covid!!! NOI would be double. 9.55% Cap Rate. Can build up- double sq feet- 2nd story. Owner does NOT need to sell, but considering larger project. Before-and-After Reno photos provided upon request & all building plans, books, reviews (4.9), occupancy reports, etc. 311 SE 3rd Ave Duplex income producing a few doors down also available, also cash cow and fully renovated.
MLS Number: R10650763
On Site: 2238 Days
Updated: 34 Days ago
Page Views: 0
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Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Lighting, OutdoorLivingArea
      Interior, Heating and Cooling
      • Heating Description: Central,Individual
      • Cooling Description: CentralAir
      Building and Construction
      • Floor Description: CeramicTile
      • Windows/Treatment: Drapes
      • Year Built: 1947
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2020-08-29T13:46:47.000-00:00
        Taxes, Fees & More
        • Taxes: 9645.4
        • Total Units in Building: 4
        • Total Units in Complex: 4

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        Price History

        Date
        Event
        Price
        Change
        Price Per
        01/30/2021
        Listed
        $1.5M
         
        $803 ft2
        $8,643 m2
        01/30/2021
        $1.5M
        Event
        Listed
        Price Per
        $803 ft2
        $8,643 m2
        Price per square foot and days on website are not provided values and are calculated by Subdivisions.
        Listed by Karolina Sutherland • Illustrated Properties • Buyer Agency Compensation .
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        Community Snapshot
        2 – 3 BR
        Bedrooms
        $829K – $1.4M
        Price Tier
        748 - 4,284
        SqFt Range
        1952
        Year Build
        1
        Total Floors

        Subdivision Amenities

        Bike Storage
        Dog Park
        None
        Park
        Pickleball
        Playground
        Sidewalks

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