311 N Swinton Avenue N

    Delray Beach, FL 33444
    • $835,000
    • STATUS: Active
    • ON SITE: 34 days
    • MLS #: RX-10569892
    UPDATED: 81 min ago
    $835,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,728
      SQFT
    • $483
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:
    Area:

    School Ratings & Info

    Description

    Investment or Residential opportunity! Fabulous location, and just a 5 minute walk to Atlantic Ave. Situated in the heart of Old School Square Historic Arts District, and Pineapple Grove, this property is walking distance to local restaurants, shops, arts, and entertainment. Zoned as Multifamily < 10 Units, and also both residential and commercial (office), the property offers endless possibilities. The local area is quickly being redeveloped and is now a major attraction for shoppers and diners. Multimillion dollar construction includes the newly opened IPIC theatre, and current construction of boutique hotels to include The Ray Hotel just steps away from this duplex, plus the newly downtown development of Atlantic Crossings. This is a highly desirable location in beautiful SouthFlorida, with unlimited income possibilities! Vacation rental, seasonal rental, annual residential rental, or commercial rental. Additionally, it could also be the perfect primary home near the beach with potential to earn income while living there. In addition it is an ideal real estate acquisition for investors seeking property in a highly sought after location, or a prime location for a build opportunity, or renovation into a single family home. (Currently, there is a 2 unit structure, comprising of a total of 4 bedrooms, and 3 bathrooms, perfect for renovation into a single family home). Featuring 2 bedrooms and 2 bathrooms in the first unit, and 2 bedrooms, 1 bathroom in the second unit. The units each benefit from separate address's and private entrances, one facing beautiful Swinton Avenue, and the other entrance via one of Delray's charming alleyways just east of Swinton Avenue. Updates include wood-look luxury vinyl flooring, freshly painted ceilings and walls, new interior doors, trim and base boards. There is a large back and side yard area for entertaining and hosting guests, with newly planted coconut trees, a sprinkler system, and night lights. Currently owner occupied on one side, and an annual tenant on the other. Income potential is superb. Similar nearby Seasonal Rental units yield $4,000 - $5,500 per unit/per month, Comparable annually leased units derive $2,100 - $3,000 per unit/per month. A unique opportunity to own in the heart of Delray Beach, call for your private viewing today!

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    © 2019 All rights reserved. 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 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-20T00:03:06.243.
    www.ewm.com/homes/99982203

    311 N Swinton Avenue N Delray Beach, FL 33444

    • Price: $835,000
    • Status: Active
    • Updated: 81 min ago
    • MLS #: RX-10569892
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,728
    SQFT
    $483
    $/SQFT
    1971
    Built
    Neighborhood:
    Delray Town Of
    County:
    Palm Beach
    Area:
    Delray Beach
    Property Description
    Investment or Residential opportunity! Fabulous location, and just a 5 minute walk to Atlantic Ave. Situated in the heart of Old School Square Historic Arts District, and Pineapple Grove, this property is walking distance to local restaurants, shops, arts, and entertainment. Zoned as Multifamily < 10 Units, and also both residential and commercial (office), the property offers endless possibilities. The local area is quickly being redeveloped and is now a major attraction for shoppers and diners. Multimillion dollar construction includes the newly opened IPIC theatre, and current construction of boutique hotels to include The Ray Hotel just steps away from this duplex, plus the newly downtown development of Atlantic Crossings. This is a highly desirable location in beautiful SouthFlorida, with unlimited income possibilities! Vacation rental, seasonal rental, annual residential rental, or commercial rental. Additionally, it could also be the perfect primary home near the beach with potential to earn income while living there. In addition it is an ideal real estate acquisition for investors seeking property in a highly sought after location, or a prime location for a build opportunity, or renovation into a single family home. (Currently, there is a 2 unit structure, comprising of a total of 4 bedrooms, and 3 bathrooms, perfect for renovation into a single family home). Featuring 2 bedrooms and 2 bathrooms in the first unit, and 2 bedrooms, 1 bathroom in the second unit. The units each benefit from separate address's and private entrances, one facing beautiful Swinton Avenue, and the other entrance via one of Delray's charming alleyways just east of Swinton Avenue. Updates include wood-look luxury vinyl flooring, freshly painted ceilings and walls, new interior doors, trim and base boards. There is a large back and side yard area for entertaining and hosting guests, with newly planted coconut trees, a sprinkler system, and night lights. Currently owner occupied on one side, and an annual tenant on the other. Income potential is superb. Similar nearby Seasonal Rental units yield $4,000 - $5,500 per unit/per month, Comparable annually leased units derive $2,100 - $3,000 per unit/per month. A unique opportunity to own in the heart of Delray Beach, call for your private viewing today!
    Exterior Features

    Carport Spaces 0.00 Construction Frame/Stucco Exterior Features Auto SprinklerFenceRoom For PoolZoned Sprinkler Lot Description < 1/4 Acre Private Pool YN No Roof Other Unit1 Parking Space Parking Unit2 Parking Space Parking View Garden Waterfront Description None Waterfront YN No

    Interior Features

    Cooling CentralElectric Flooring Vinyl Floor Heating CentralElectric Unit1 Bedrooms 2 Unit1 Desc A/C UnitDishwasherDryerElectric MeterKitchenRange - ElectricRefrigeratorWasher Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 950 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDishwasherDryerElectric MeterRange - ElectricRefrigeratorWasher Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 1066 Unit3 Sq Ft 0 Unit4 Sq Ft 0

    Property Features

    Annual Net Operating Income 0.00 Annual Total Expenses 0.00 Available Info Leases Built Desc Resale Gross Operating Income 0.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Duplex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 2016.00 Subdivision Amenities None Tax Amount 9325.36 Tax Year 2018 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventionalFhaVa Unit1 Monthly Income 2100.00 Unit2 Monthly Income 0.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities CableElectricElectric Service AvailablePublic SewerPublic Water Zoning Osshad

    Listing provided courtesy of Lehmann Realty Inc..

    © 2019 All rights reserved. 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 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-20T00:03:06.243.
     
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