Lovely cash cow multi-family located in the beautiful city of Delray Beach! This duplex building is located directly across a huge soccer field and just minutes drive from Atlantic Ave! Both units are 2/1’s totaling 4 bedrooms and 2 bathrooms. This property sits a few minutes away from highways, restaurants, fitness centers and Florida’s sunny beach! With a quality rehab, this property makes an excellent investment and a wonderful opportunity to earn additional income!
Leases are month to month.
Rental Amount $1,200.00
Estimated Amount $2,600
For a rental/flip, the kitchen and bathrooms should be thoroughly cleaned along with the appliances. New flooring is needed in the bathroom for unit 335. Electrical maintenance is needed for unit 335 as well. To finish up, interior paint should be applied in some areas. For a flip, the kitchen and bathrooms should be updated. New flooring is needed in some areas. Lastly, central AC should be installed.
Rehab Amount Min. $20,000.00
Rehab Amount Max. $30,000.00
Important Details / Seller Notes
***Buyer agrees to assume property with current occupants/tenants. Estoppels will be provided
327 Decarie Street Delray Beach – 2/1+2/1 – 1508 Square Feet SOLD FOR 274k (RENTAL READY) 7/12/2018 311 De Carie Street Delray Beach – 2/1+2/1 – 1387 Square Feet SOLD for 380k (REMODELED) 7/16/2018
323 Decarie Street Delray Beach – 2/1+2/1+EFf – 1831 Sq Ft SOLD for 295k back in 11/09/2016
** Separate water & electric meters**
ARV Minimum $300,000.00
ARV Maximum $325,000.00