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242 NE 12th St, Delray Beach FL 33444

Multi-family Recently Sold
$2,500,000

BTC: 39.06250000

ETH: 1,431.84421535

Sold on: 2024-02-15
71 days
0 room(s)

Overview

Delray Drift is an 8 Unit multifamily located minutes from downtown Atlantic Avenue and beaches. The property is comprised of (4)2br/1ba and (4)1 br/1br housed in two buildings, with coin operated laundry, impact windows, central a/c, off street tenant parking, and lounge/patio for tenants enjoyment. Rents are currently below market, with 3 units on mtm. 1/1 should be $2200 +/- and 2br $2500 +/- per the high demand and pricing of downtown Delray Beach. Great opportunity to raise rents with no differed maintnance or capex needed to achieve market rate. PLEASE SEE ATTACHMENTS FOR OFFERING PACKAGE

Location

Florida • Delray Beach • 33444 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1969
Lot:
No Data
Heating:
Central
Price/sqft:
No Data
Cooling:
Central Air
HOA:
No Data

Valuation

Recent sales nearby
30 public-records sales within 0.5 mi
Median actual sale: $1.2M
Not enough MLS comparables for a model estimate on this property. Public-records data shown instead.

Highlights

Annual tax
$51,369
2023
Parking
12 spaces
All facts and features

  • Flooring

    • Tile

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 12434609280050100

    • Zoning: R-1-A (c

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $51,369

  • Source details

    • MLS ID: A11492388

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Subdivision Name: DELL PARK

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33444
13
median $699K
Active
Same city
Delray Beach
137
median $214K
Active
Same type
Multi-family
1
median $872K
Active
Similar price
$1.8M – $3.4M
5
median $2.5M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ONE Commercial LLC