Multifamily in Delray Beach, FL 33483
Highland Park Delray, 348 NE 7th Ave

Beds
1,952
SqFt
$820
$/SqFt
Sold - Aug 15, 2023
Multifamily
Built in 1956
Other,Pool View
Outdoor Living Area
Introducing the Red Palm Villas, a fully operational quadplex offering exceptional income opportunities in the heart of Delray Beach. This turnkey property boasts four income-generating units, including three studios and a spacious two-bedroom, one-bathroom unit. Each unit features its own private patio space. The centerpiece of the Red Palm Villas is the Asian-inspired saltwater pool, offering a tranquil oasis for relaxation and rejuvenation. With a solid client base from VRBO and direct business bookings already in place, this property guarantees immediate income. And the potential for growth is tremendous. The Red Palm Villas are sold fully furnished and turnkey ensuring a smooth transition and eliminating any additional expenses. This is an incredible opportunity to step into a succ essful business and start generating returns right away. Whether you're an experienced investor or looking to venture into the rental market, the Red Palm Villas offers a compelling opportunity to capitalize on Delray Beach's thriving hospitality industry. Don't miss out on the chance to own a profitable quadplex with a stunning saltwater pool, close to downtown and brimming with income potential. Seize this opportunity and start reaping the rewards of the Red Palm Villas today.
MLS Number: R10904351
On Site: 1160 Days
Updated: 41 Days ago
Page Views: 0

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: OutdoorLivingArea
      • View: Other,Pool
      Interior, Heating and Cooling
      • Heating Description: Central
      • Cooling Description: Electric
      Building and Construction
      • Floor Description: Terrazzo,Tile
      • Construction Type: Quadruplex
      • Year Built: 1956
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
      • Elementary School: Plumosa School of the Arts K-8
      • Senior High School: Atlantic
      Other Property Info
      • Listing Date: 2023-07-14T14:47:40.000-00:00
      Taxes, Fees & More
      • Taxes: 16438.8
      • Total Units in Building: 4
      • Total Units in Complex: 4

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      Price History

      Date
      Event
      Price
      Change
      Price Per
      01/22/2026
      Listed
      $1.6M
       
      $820 ft2
      $8,823 m2
      01/22/2026
      $1.6M
      Event
      Listed
      Price Per
      $820 ft2
      $8,823 m2
      Price per square foot and days on website are not provided values and are calculated by Subdivisions.
      Listed by Jerilyn WalterPosh Properties • Buyer Agency Compensation .

      Listing Location & Street View
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      Scores

      Walk Score®
      Very Walkable. Most errands can be accomplished on foot
      86

      100
      Bike Score®
      Bikeable. Some bike infrastructure
      63

      100
      Sound Score®
      Bearable noise
      75

      100
      Airport Score
      Close to airports. Noticeable airport activity
      0

      100
      Traffic Score
      Congested area. Frequent traffic delays
      32

      100
      Local Score
      Limited local amenities nearby
      2

      100
      Community Snapshot
      1,184 - 5,476
      SqFt Range
      1956
      Year Build
      1
      Total Floors

      Subdivision Amenities

      None
      Pool

      Delray Beach
      High-End
      High-End Homes & Condos