About this home
Exceptional investment and redevelopment opportunity in a prime East Delray Beach location, just minutes from Atlantic Avenue, the beach, dining, shopping and entertainment, also with convenient access to Downtown Boynton Beach. Currently configured as a six-unit multifamily property, each residence offers 2 bedrooms, 1 bathroom and approximately 780 square feet each. Renovate and reposition the existing units as an income-producing asset, or explore the potential for redevelopment into a single-family residence or alternative use, such as a wellness-oriented concept, subject to zoning and municipal approvals. With multiple possibilities and an irreplaceable location, this is a rare opportunity to bring a new vision to one of South Florida's most desirable coastal areas.
Listing last checked: Listing updated:
Listed by Abbey Adair · Century 21 Realty Professionals · MLS #B26069794
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Details at a glance
Interior2 property facts
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
Building4 property facts
- Style
- Multi Family
- Year built
- 1974
- Parking
- 12
- Roof
- Composition
Land & utilities4 property facts
- Lot size
- 0.29 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R-1-A (city)
Financial3 property facts
- Annual taxes
- $11,291
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $2,100,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$11,560 / monthAdjust
- Principal & interest
- $10,619
- Property tax
- $941
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $11,291. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 1601 NE 3RD Avenue
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