Bought with Posh Properties
$1,600,000
$1,695,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
348 NE 7th AVE 33483 Delray Beach, FL 33483
5 Beds
4 Baths
1,952 SqFt
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,952 sqft
Price per Sqft $819
Subdivision Highland Park Delray
MLS Listing ID RX-10904351
Sold Date 08/15/23
Bedrooms 5
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1956
Annual Tax Amount $16,438
Tax Year 2022
Lot Size 7,051 Sqft
Property Description
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
Location
State FL
County Palm Beach
Area 4220
Zoning RM(cit
Interior
Heating Central
Cooling Electric
Flooring Terrazzo Floor, Tile
Exterior
Exterior Feature Auto Sprinkler, Fence, Open Patio, Shed
Utilities Available Cable, Electric
Amenities Available Common Laundry
Waterfront Description None
View Other, Pool
Roof Type Comp Shingle
Private Pool Yes
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Concrete
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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