Palm Trail

Delray Beach, FL 33483

$4,400,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fully renovated apartment complex located in prestigious Delray Beach. This complex consists of two buildings with nine rental units. All units are fully leased under a master lease. The owner pays property tax and insurance. Renovation included new roof, hurricane impact doors and windows. All new plumbing, new HVAC systems, new electrical panels and appliances. New pool with paver hardscape and landscaping. Resurfaced parking lot. This is an excellent opportunity that you don't want to miss. Located...Fully renovated apartment complex located in prestigious Delray Beach. This complex consists of two buildings with nine rental units. All units are fully leased under a master lease. The owner pays property tax and insurance. Renovation included new roof, hurricane impact doors and windows. All new plumbing, new HVAC systems, new electrical panels and appliances. New pool with paver hardscape and landscaping. Resurfaced parking lot. This is an excellent opportunity that you don't want to miss. Located minutes from Downtown Delray, within the free Delray beach ride share, and walking distance to supermarket and drug store. Investors can purchase a fully leased apartment complex with excellent tenant. Master lease tenant is operating with a hotel license for short term rentals.
  1. Listed by Cody Tremblay • Blue Water RE LLC
  2. Listed by Paul Tremblay • Blue Water RE LLC

Property Details for Palm Trail

Waterfront
No
Area
4220
Geographic Area
Palm Beach 4220a; 4230b; 4360a; 4370b
Auction
No
Num Stories
1
Year Built Description
New Construction
LISTING UPDATED: 05/17/2024 04:36 PM

Property Details for Palm Trail

StatusActive
MLS #A11419554
Days on Market490
Taxes$26,010 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1954
Lot Size0.33 AC / 14,566 SF
CountyPalm Beach County

Building Information for Palm Trail

Stories-Residences-Year Built1954Building Size-Lot Size0.33 AC / 14,566 SF

Property Information for Palm Trail

Location Information
Location Information
  • Parcel Number Free Text: 12434616051210270
  • Parcel Number MLX: 0270
  • MLS Area: 4220
  • Municipal Code: 12
  • Township Range: 12
  • Section: 16
  • Subdivision Number: 5
  • Subdivision Complex Bldg: Delray Beach Apartments
  • Unit Count: 3
  • Zoning Information: RM (city
General Information
Parking
  • Num Parking Spaces: 9
  • Parking Description: Common Parking
General Information
  • Style of Property: Income Non-Waterfront
  • Property Description: Full Renovated 9 unit Complex
  • Prop Type-Type of Building: Apartments, Residential-Multi-Family
  • Road Type: Two Lane
  • Building Sq Ft: 4,786
  • Num Meters: 1
  • Num Loading Doors: 0
  • Improvement Height COM: 1 Story
  • Miles to Expressway: 2
  • Miles to Beach: 2
  • Location of Property: Corner Lot, In Residential Area
  • Environmental Audit: Unknown
  • Acreage Description: 1/4 Acre Or Less
  • Approximate Lot Size: 14566
  • Property Sq Ft: 14566
  • Yearof Addition: 2023
  • Ceiling Description: Exposed, Sheet Rock
  • Interior Ceiling Height: 8
  • Num Buildings: 2
  • Num Floors: 1
  • Road Frontage: City Road
  • Electric Service: 0-100 Amps
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Roof Description: Shingle Roof
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Directions: From I-95 proceed east on W Atlantic Ave, make left on NE 6th Ave (North ) to NE 4th Ave, make right and property on right two blocks. Corner of NE 7th Ave and NE 4th Street
  • Security Information: Fenced, Security System
Additional Property Information
Utilities
  • Heating Description: Central Electric
  • Cooling Description: Central Building A/C
  • Water Description: Public Water
  • Sewer Description: Public Sanitation
Additional Property Information
  • Guest Accommodations: No
  • Num Units: 9
  • Miscellaneous Information: Fenced Area, Laundry Facilities, Pool
  • Storm Protection: Complete Impact Glass
Financial Information
Financial Information
  • Flood Zone: X
Agent / Office Information
Listing Information
  • Sale Includes: Building & Land, Fixtures, Furniture
  • Sale Includes INCL: Furniture/Fixtures

Property History for Palm Trail

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for Palm Trail

Taxable ValueLand$972,675Additions$171,874Total$1,144,549
Tax Record2023$22,764 ($1,897 / month)
Home Facts
Baths9Total Finished SqFt2,108 SqFtAbove Grade Finished SqFt2,108 SqFtStories1Lot Size14,566 SqFtStyleMiscellaneousYear Built1954ZoningRMCountyPALM BEACHAPN12-43-46-16-05-121-0270

Schools near Palm Trail

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Plumosa School Of The Arts
PublicPK to 7

Carver Middle School
Public6 to 8

Atlantic High School
Public9 to 12

S. D. Spady Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Palm Trail is a multi-family home for sale in Delray Beach, FL 33483. This property was listed for sale on July 14, 2023 by Blue Water RE LLC, it's currently listed at $4,400,000. It has been on the market for a total of 490 days and was last sold on June 22, 2021. This listing's school district is Palm Beach. Nearby schools include Plumosa School Of The Arts, Carver Middle School and Atlantic High School. Palm Trail is a 0-bed, 0-bath, multi-family home built in 1954.

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Listing Courtesy of Blue Water RE LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.