Modern Living Group
Downtown Delray Beach Residence
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$1,100,000ACTIVE

610 SE 2nd Avenue, Delray Beach, FL 33483

beds0baths1,900sq ft$579/ sq ft
THE RESIDENCE

About this home

Rare opportunity to own a versatile investment property in the highly desirable Osceola Park neighborhood of Delray Beach. Currently configured as two separate residences, this unique property offers immediate rental income while presenting exceptional long-term redevelopment potential. The property features two fully renovated residences, including a 3-bedroom, 2-bath unit and a 3-bedroom, 1-bath unit. Both offer in-unit laundry, comfortable, functional living spaces, and are currently rented, providing immediate income from day one while offering outstanding flexibility for future plans. Situated on a generously sized lot in one of Delray Beach's fastest-growing neighborhoods, the possibilities are endless. Continue generating rental income, hold as a long-term investment, or create your dream home in this thriving community. The roof was replaced in 2021. For those looking to maximize development potential, the adjacent vacant lot at 618 SE 2nd Avenue is also available for purchase. Buy one or both properties to create a rare assemblage opportunity in one of Delray Beach's most sought-after neighborhoods. The neighboring lot is shovel-ready, while this property provides immediate rental income as you plan your vision for the future. Osceola Park is one of Downtown Delray Beach's original neighborhoods, celebrated for its historic charm, walkability, and prime location. Just minutes from Atlantic Avenue and the beach, residents enjoy easy access by foot, bike, or golf cart to award-winning restaurants, boutique shopping, art galleries, entertainment, and the vibrant downtown lifestyle. Whether you're an investor, builder, or homeowner with a vision, this is a rare opportunity to own a property that provides immediate income today and exceptional possibilities for the future.

THE DETAILS

Property details

List Price$1,100,000
Price / Unit$550,000
Units2
Cap Rate3.50%
Gross Income$61,800/yr
Net Operating Income$38,543
Inside Sq Ft1,900
Year Built1985
ConstructionFrame, Stucco
FlooringCeramic Tile
ZoningR-1-A(
Lot Dimensions50.0 ft x 226.0 ft
Property TypeDuplex
MLS #B26050509
StatusActive
Original List Price$1,100,000
GRM17.8
Tenant PaysCable TV
Show all details (8 more)
Stories1
Lot Size0.26 acres
WaterfrontNo
ViewGarden
Days on Market0
Annual Taxes$12,227
CityDelray Beach
Zip Code33483
LOCATION

Where you'll live

Downtown Delray Beach

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Christa Hatton
FEATURED AGENT
Christa Hatton
Downtown & Delray Beach Specialist
Boca Raton / Delray Specialist

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