Property description of Multi Family

Rare downtown delray beach portfolio opportunity - $8,500,000 introducing one of the most unique investment and redevelopment opportunities in the heart of downtown delray beach. This portfolio offering includes 211, 719, and 723 south swinton avenue, strategically positioned just steps from atlantic avenue and directly across from the newly completed sundy village development. Anchoring the portfolio is 211 south swinton avenue, the largest individually owned lot in downtown delray beach, currently operating as a 10-unit rental property consisting of 4 long-term tenants and 6 short-term rental units, generating approximately $250,000 annually in rental income. Portfolio sale includes 211, 719, and 723 s. Swinton avenue in the heart of downtown delray beach. The adjacent income-producing properties at 719 and 723 s. Swinton feature 7 leased units generating $168,000 annually under a triple lease. The portfolio currently produces $418,000 in annual income and offers exceptional redevelopment potential on one of the largest privately owned land assemblages in downtown delray beach. Ideally located across from sundy village and within walking distance of atlantic avenue, the ray hotel, opal grand resort, restaurants, shopping, and entertainment. The portfolio consists of 17 total units and presents a rare opportunity for investors, developers, and assemblage buyers seeking scale, income, and future upside in one of south florida's premier downtown markets. Buyer to verify all information.

Property Features