Commercial Sale · Income/MultiFamily
, DELRAY BEACH, FL, 33483
Active421 days on marketListed May 27, 2025MLS #A11810309
About this property
The property at a glance
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
4,786
Building sq ft
$742
Price / sq ft
14,566
Lot sq ft
2
Buildings
RM (city
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$18,291/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Lyra to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
The area
Who's around this property
338
Population
$120,625
Median income
59
Median age
2
Avg household
$1,028,800
Median home value
$1,927/mo
Median rent
7%
Households w/ kids
Consumer profile
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
These citizens want to make their neighborhood a better, more beautiful place to live. They're attentive to the needs and affairs of the local community.
With dating comes highs, lows, and lots of questions. You can find this population talking about dating advice, breakups and how to express their feelings.
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Seeking peace and well-being through meditation, gratitude and spirituality.
Recent sales
What actually sold near
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$4,800,000
99 Seabreeze Ave # 1, Delray Beach FL 33483
Sold Apr 15, 2026
$1,175,000
601 N Congress Avenue # 201, Delray Beach FL 33445
Sold Nov 6, 2024
$3,600
955 NW 17th Avenue # G, Delray Beach FL 33445
Sold Sep 25, 2025
Your team
The pros in your corner
Your agent
Lyra Rae
Realtor · CENTURY 21 Edge
Tours, offers, and every question about — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for .
See it in person
Schedule a tour
Live availability from Lyra's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Blue Water RE LLC · Cody Tremblay. MLS #A11810309.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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