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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

    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.

    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-10904351MLS LogoOriginating 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