Modern Living Group
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$2,100,000ACTIVE

1601 NE 3RD Avenue, Delray Beach, FL

beds0baths5,146sq ft$408/ sq ft
THE RESIDENCE

About this home

Exceptional investment and redevelopment opportunity in a prime East Delray Beach location, just minutes from Atlantic Avenue, the beach, dining, shopping and entertainment, also with convenient access to Downtown Boynton Beach. Currently configured as a six-unit multifamily property, each residence offers 2 bedrooms, 1 bathroom and approximately 780 square feet each. Renovate and reposition the existing units as an income-producing asset, or explore the potential for redevelopment into a single-family residence or alternative use, such as a wellness-oriented concept, subject to zoning and municipal approvals. With multiple possibilities and an irreplaceable location, this is a rare opportunity to bring a new vision to one of South Florida's most desirable coastal areas.

THE DETAILS

Property details

List Price$2,100,000
Price / Unit$350,000
Units6
Inside Sq FtN/A
Year Built1974
ConstructionBlock
ZoningR-1-A (city)
Property TypeMultiFamily
MLS #B26069794
StatusActive
Original List Price$2,100,000
Stories2
Lot Size0.29 acres
Days on Market0
Annual Taxes$11,291
CityDelray Beach
Zip Code
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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