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1211 NE 8th Avenue 1,2,3,4,5,6,7,8, Delray Beach, FL 33483 (MLS# R10523981)

1211 NE 8th Avenue 1,2,3,4,5,6,7,8, Delray Beach, FL 33483

$1,300,000

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https://www.propertypanorama.com/instaview/rapb_gflr/RX-10523981

Property Type: Residential Income Square Footage: 3,132 Status: Closed

Current Price: $1,300,000 List Date: 4/22/2019 Last Modified: 5/17/2026

Overview

Description

In the heart of booming Delray this fully rented and renovated 8 unit building is ready and waiting for you to take it to the next level! 100% occupancy since the current owner bought the property in 2013. This building features four efficiencies and four 1 bedroom units, on site coin operated tenant laundry facility and also has a brand new roof. Located a half mile from downtown Delray and less than a mile to the beach! An already strong rental could be even stronger in comparison to the vacation rentals in the area who charge up to 3 times more based on monthly rentals. This turnkey operation is ready for a new owner. Additionally preliminary 2019 tax records also shows the land alone is worth close to a million dollars. Owner would consider some financing.

Listing Details MLS# R10523981

General Property Information

Number Of Units Total: 8
Property Sub Type: Quadruplex
Building Area Main: 3132
Building Area Source: Public Records
Living Area Main: 3022
Year Built: 1955
Lot Size Area: 8923
Lot Size Acres: 0.2
Lot Size Dimensions: 67.0 ft x 0.0 ft
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: Yes
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Security Exterior Features: Custom Lighting Flooring: Ceramic Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Ceiling Fan(s); Central Individual; Electric Heating: Central Individual; Electric; Heat Pump Listing Terms: Cash; Conventional Other Structures: Shed(s) Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: Public Road Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County; No Homestead Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Access: None Water Source: Public Window Features: Storm Window(s) Showing Requirements: Call Listing Agent; Occupied; See Remarks Occupant Details: Tenant Occupied Outdoor Living Spaces: Patio Patio Details: Patio - Open Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Interior Features: Built-in Shelves Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Interior Features: Built-in Shelves Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Refrigerator Unit 3 Interior Features: Built-in Shelves Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Microwave; Range; Refrigerator Unit 4 Interior Features: Built-in Shelves Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 4 Parking Features: Parking Space Unit 4 Rooms: Kitchen Contingencies: Other Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1425000
Owner Phone: 561-307-7004

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1211
Street Direction Prefix: NE
Street Name: 8th
Street Suffix: Avenue
Unit Number: 1,2,3,4,5,6,7,8
City Name: Delray Beach
State Or Province: FL
Postal Code: 33483
Postal Zip: 33483
Subdivision Name: KENMONT
Area: 4220
Geographic Area: PB06
Special Assessment YN: No
Parcel Number: 12434609080010130
Zoning: RL(cit
Directions: N/A

Financial Information

Tax Annual Amount: 15044
Tax Year: 2018
Tax Legal Description: KENMONT LT 13 & N 11.50 FT OF LT 14 BLK 1

Status Change Information

Major Change Timestamp: 2020-03-10T02:43:30Z
Major Change Type: Status Change
Price Change Timestamp: 2019-08-20T17:18:19Z
Status Change Date: 2020-03-09
Under Contract Date: 2019-10-11
Close Date: 2019-11-20
Close Price: 1300000
Buyer Financing: Other

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: No

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 20000
Gross Income: 102000
Net Operating Income: 82000

Storm Protection

Impact Glass: Partial

Unit 1 Details

Actual Rent: 975
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
SqFt: 220

Unit 2 Details

Actual Rent: 975
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
SqFt: 220

Unit 3 Details

Actual Rent: 1175
Baths Full: Yes
SqFt: 400

Unit 4 Details

Actual Rent: 1175
Baths Full: Yes
SqFt: 400

Price Calculations

Current Price To SqFt: 430.17
Original List Price To Close Price: 1.09

Originating Details

Originating System Key: 20190422180126955282000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Custom Lighting: Yes

Flooring

Ceramic Tile: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Security: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Other Structures

Shed(s): Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

Heating

Central Individual: Yes
Electric: Yes
Heat Pump: Yes

Water Access

None: Yes

Window Features

Storm Window(s): Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Road Frontage Type

Public Road: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Ceiling Fan(s): Yes
Central Individual: Yes
Electric: Yes

Showing Requirements

Call Listing Agent: Yes
Occupied: Yes
See Remarks: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes
No Homestead: Yes

Occupant Details

Tenant Occupied: Yes

Outdoor Living Spaces

Patio: Yes

Patio Details

Patio - Open: Yes

Contingencies

Other: Yes

Unit 1 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Interior Features

Built-in Shelves: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Interior Features

Built-in Shelves: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Refrigerator: Yes

Unit 3 Interior Features

Built-in Shelves: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 4 Interior Features

Built-in Shelves: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 4 Parking Features

Parking Space: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Multiple Listing Solutions

Last Updated: May - 17 - 2026

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1211 NE 8th Avenue 1,2,3,4,5,6,7,8, Delray Beach, FL 33483 (MLS# R10523981)