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348 NE 7th Avenue # 33483, Delray Beach FL 33483

Multi-family Recently Sold
$1,600,000

BTC: 20.34329307

ETH: 632.28610946

Sold on: 2023-08-15
New
0 room(s)
1,952 sqft

Overview

Introducing the Red Palm Villas, a fully operational quadplex offering exceptional income opportunities in the heart of Delray Beach. This turnkey property boasts four income-generating units, including three studios and a spacious two-bedroom, one-bathroom unit. Each unit features its own private patio space. The centerpiece of the Red Palm Villas is the Asian-inspired saltwater pool, offering a tranquil oasis for relaxation and rejuvenation. With a solid client base from VRBO and direct business bookings already in place, this property guarantees immediate income. And the potential for growth is tremendous. The Red Palm Villas are sold fully furnished and turnkey ensuring a smooth transition and eliminating any additional expenses. This is an incredible opportunity to step into a succ essful business and start generating returns right away. Whether you're an experienced investor or looking to venture into the rental market, the Red Palm Villas offers a compelling opportunity to capitalize on Delray Beach's thriving hospitality industry. Don't miss out on the chance to own a profitable quadplex with a stunning saltwater pool, close to downtown and brimming with income potential. Seize this opportunity and start reaping the rewards of the Red Palm Villas today.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1956
Lot:
0.16 Acres
Heating:
Central
Price/sqft:
$868
Cooling:
Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$534,999
$415K – $1.8M
Confidence Low
List vs. estimate
$1.2M above estimate
List $1,695,000 · +216.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$868
+39.7% vs. city median $621
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.3M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$16,438
2022
Pool
Private
View
Other, Pool
All facts and features
  • Flooring

    • Terrazzo

    • Tile

    Heating

    • Central

    Cooling

    • Electric

  • Property

    • Levels: 1

    • Pool Private: Yes

    Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 12434616051130021

    • Zoning: RM(cit

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Connected

    • Cable Available

  • Other financial information

    • Annual tax amount: $16,438

  • Source details

    • MLS ID: R10904351

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot / Fenced

    • Patio And Porch Features: Patio

    • Window Features: Complete Impact Glass

    • Other Structures: Extra Building/Shed / Shed(s) / Storage Shed

    • Living Area: 1952

    • Subdivision Name: HIGHLAND PARK DELRAY

Private inquiry
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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: Posh Properties