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Sarah Bonin

Broker/Owner

  • Office 561-508-6904
  • Cell 561-635-4802
Questions?

711 Se 2nd St, Delray Beach, FL $4,500,000

  • 4 Beds
  • 4 Baths
  • 2,576 Sqft
  • .2 Acres
  • 4 Beds
  • 4 Baths
  • 2,576 Sqft
  • .2 Acres

711 Se 2nd St

Value-Add Opportunity in the Delray Beach Marina District! Huge income upside and room for future development, currently fully leased and updated. Statement marble floors top line finishes fully furnished just STEPS from all the shopping and dining on Atlantic Avenue and the BEST beaches in SOFLO. PLEASE do not disturb tenants: Fully-occupied property of two studio units and two 2 bed 1bath units, all equipped with modern kitchens and bathrooms and each unit has a new stackable W/D, a private, secure pet friendly fenced yard. Marina slip rental adjacent to put your yacht. NO rental restrictions. Income figures based on rentals at present time. Sold furnished. Freshly painted exterior, new fence, all new landscaping. Perfect for vacation rentals, ABNB or Owner to live work play in DelProperty is located in the Marina historic district. Many properties on same block have been fully redeveloped into modern two story town-homes and houses; however, Seller and Seller's agent and broker make no representations regarding the ability to redevelopment or improve the Property. The Property is a short walk to the beach and the entertainment district on Atlantic Avenue. Property has been completely remodeled and is fully leased. This is a must see location. Cap Rate is currently 3.69%. Just a small increase in rental income could put this Cap Rate in the mid to high 5% range for long term rentals, or even higher with short term rentals.

Essential Information

  • MLS® #RX-10787194
  • Bedrooms4
  • Bathrooms4.00
  • Full Baths3
  • Half Baths1
  • Living SqFt.2,576
  • Total SqFt.2,576
  • Year Built1967
  • Acres0.20
  • TypeMulti-Unit
  • Sub-TypeQuad Plex
  • StyleNo
  • StatusPending
  • Price$4,500,000

Community Information

  • SubdivisionDELRAY TOWN OF
  • Subdivision InfoNone
  • Address711 Se 2nd St
  • Area4230
  • CityDelray Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33483

Amenities

  • WaterfrontNone

Utilities

Cable, 3-Phase Electric, Public Sewer, Public Water

Interior

  • HeatingCentral
  • CoolingCentral Building
  • # of Stories1

Exterior

  • Exterior FeaturesAuto Sprinkler
  • WindowsBlinds
  • RoofTar/Gravel
  • ConstructionCBS

Lot Description

< 1/4 Acre, Corner Lot, East of US-1, Paved Road

School Information

  • ElementaryBayview Elementary School
  • MiddleCarver Middle School
  • HighAtlantic High School

Additional Information

  • ZoningRM(cit

Listing Details

  • OfficeEngel & Voelkers Delray Beach
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Price Change History for 711 Se 2nd St, Delray Beach, FL (MLS® #RX-10787194)

Date Details Change
Status Changed from Active Under Contract to Pending
Status Changed from Active to Active Under Contract
Status Changed from Price Change to Active
Status Changed from Coming Soon to Price Change
Price Increased from $450,000 to $4,500,000 $4,050,000 (900.00%)

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2022 BeachesMLS, Inc.

Listing information last updated on August 19th, 2022 at 12:00am EDT.