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120 NE First Street, Unit All
Delray Beach, FL 33444
FOR
SALE
$5,250,000
For Sale
1926
Yr. Built
MLS# RX-10938293
Cumulative Days on Market: 148 (since November 24th, 2023) Data provided by the MLS.

Property Details

Spectacular investment opportunity in the very desirable Downtown Delray market. Nestled in the prestigious neighborhood of Bankers Row. Indulge in a world of leisure and recreation just steps from their doorstep. Multifamily duplex investment opportunity with substantial income producing property. Prime and desirable location upcoming neighborhood, close to amenities, public transportation, schools, and business districts. Excellent Investment Opportunity the units have potential as a profitable investment, high occupancy rate, strong rental demand and potential for rent increases, opportunity for value appreciation, these units can convert into short-term rentals, co-living spaces, or mixed-use development. This is a value-add opportunity for buyers

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Property Highlights

Status
For Sale
MLS Status
Active
Price
$ 5,250,000
Property Type
Commercial
Property Subtype
MultiFamily (5+ Units)
Year Built
1926

Location

Subdivision
Town Of Delray
County
Palm Beach
Waterfront
No

Heating, Cooling & Utilities

Heat
Window/Wall
Cooling
Ceiling Fan, Wall-Win A/C
Utilities
Other, Public Sewer, Separate Meter
Waterfront Details
None

Features

Flooring
Tile, Vinyl Floor

Building Details

Construction
Frame, Stucco, Woodside
Type of Building
Commercial, Condo, Free Standing, Resident. Multi-Fam.
Roofing
Comp Rolled, Flat Tile

Lot

Zoned
OSSHAD

Taxes & Terms

Terms
Cash, Conventional, VA
Lease Term
Annual, Month to Month, None

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Listed by Stateland Brown Holdings
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 28-Feb-2024 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by open source mortgage calculation software tools using common mathematical formulas. Copyright © 2024 Buying Buddy. All calculations should be independantly verified.
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Property History

27 days ago
Property information last updated
70 days ago
Date of last price change
95 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 148. Data provided by the MLS.

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All rights reserved. Information deemed reliable but not guaranteed. All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and Beaches MLS, Inc.
Listing Data last updated: 28th February, 2024 01:00 MST
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