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 essful business and start generating returns right away. Whether you're an experienced investor or looking to venture into the rental market, the Red Palm Villas offers a compelling opportunity to capitalize on Delray Beach's thriving hospitality industry. Don't miss out on the chance to own a profitable quadplex with a stunning saltwater pool, close to downtown and brimming with income potential. Seize this opportunity and start reaping the rewards of the Red Palm Villas today.
Sold for $1,600,000 on 08/15/23
$1,600,000
348 NE 7th Avenue #33483, Delray Beach, FL 33483
5beds
1,952sqft
Multi Family
Built in 1956
-- sqft lot
$1,938,400 Zestimate®
$820/sqft
$5,673 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 30, 2023 at 03:22am
Listed by:
Jerilyn M Walter 561-330-4731,
Posh Properties,
Nicholas Joyce 561-401-7188,
Posh Properties
Bought with:
Jane L Bass
Posh Properties
Source: BeachesMLS,MLS#: RX-10904351
Originating MLS: Beaches MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Electric, A/C Unit
Appliances
- Included: Microwave, Gas Range, Refrigerator, Range - Electric
- Laundry: Common Area
Features
- Flooring: Terrazzo, Tile
- Windows: Complete Impact Glass
Interior area
- Total structure area: 2,270
- Total interior livable area: 1,952 sqft
Property
Parking
- Parking features: Space Parking
Features
- Stories: 1
- Patio & porch: Open Patio, Patio
- Exterior features: Auto Sprinkler
- Has private pool: Yes
- Fencing: Fenced
- Has view: Yes
- View description: Other, Pool
- Has water view: Yes
- Waterfront features: None
Lot
- Size: 7,051 sqft
- Features: < 1/4 Acre
Details
- Additional structures: Shed(s)
- Parcel number: 12434616051130021
- Zoning: RM(cit
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Concrete
- Roof: Comp Shingle
Condition
- Resale
- New construction: No
- Year built: 1956
Utilities & green energy
- Electric: Separate Electrical Meters
- Water: Separate Water Meters
- Utilities for property: Cable Connected, Electricity Connected
Community & neighborhood
Location
- Region: Delray Beach
- Subdivision: Highland Park Delray
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,938,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,938,400