242 NE 12th Street, Delray Beach, FL 33444
- $2,500,000
- Sold Price
- $2,500,000
- List Price
- $2,600,000
- Status
- CLOSED
- Days on Market
- 71
- Closing Date
- Feb 15, 2024
- MLS#
- A11492388
- Subtype
- Residential Income
- Year Built
- 1969
- Subdivision
- Dell Park
- MLS Area Major
- 4360
Property Description
Delray Drift is an 8 Unit multifamily located minutes from downtown Atlantic Avenue and beaches. The property is comprised of (4)2br/1ba and (4)1 br/1br housed in two buildings, with coin operated laundry, impact windows, central a/c, off street tenant parking, and lounge/patio for tenants enjoyment. Rents are currently below market, with 3 units on mtm. 1/1 should be $2200 +/- and 2br $2500 +/- per the high demand and pricing of downtown Delray Beach. Great opportunity to raise rents with no differed maintnance or capex needed to achieve market rate. PLEASE SEE ATTACHMENTS FOR OFFERING PACKAGE
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Additional Information
- Taxes
- $51,369
- Flooring
- Tile, Vinyl
- Heating
- Central, Separate Meters
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Stories
- 2
- Roof
- Barrel
- Elementary School
- Plumosa School of the Arts K-8
- High School
- Atlantic
Mortgage Calculator
Listing courtesy of ONE Commercial LLC. Contact:
Selling Office: Home Sales Palm Beach.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Alexis Shapiro | Email: ashapiro@onecommercialre.com