311 N Swinton Av N, Delray Beach

$835,000

4 Beds
3 Baths
2,016 Sqft
.15 Acres
0 Garages

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!

Essential Information
MLS® #RX-10569892
Price$835,000
Bedrooms4
Bathrooms3.00
Full Baths3
Square Footage2,016
Acres0.15
Year Built1971
TypeMulti-Unit
Sub-TypeDuplex
StyleNo
StatusActive
Community Information
Address311 N Swinton Av N
Area4460
SubdivisionDELRAY TOWN OF
CityDelray Beach
CountyPalm Beach
StateFL
Zip Code33444
Amenities
ViewGarden
WaterfrontNone
Utilities

Cable, 3-Phase Electric, Electric Available, Public Sewer, Public Water

Interior
HeatingCentral, Electric
CoolingCentral, Electric
# of Stories1
Exterior
Lot Description< 1/4 Acre
RoofOther
ConstructionFrame/Stucco
Exterior Features

Auto Sprinkler, Fence, Room for Pool, Zoned Sprinkler

Additional Information
Date ListedOctober 15th, 2019
Days on Market32
ZoningOSSHAD
Listing Details
OfficeLehmann Realty Inc.
Property History
Status Changed from New to Active
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All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2019 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2019 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on November 16th, 2019 at 6:45pm EST.

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2019 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2019 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on November 16th, 2019 at 6:31pm EST.

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