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
  • Taxes$ 34726
  • 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
AVG $2.06M
$2.5M
Taxes
AVG $31,667
$34,726
Visits
AVG 147
116
Year Built
AVG 1985
1946
Walkscore
AVG 52
83
Data Provided by Walkscore ® not using MLS data

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