311 N Swinton Av N, Delray Beach

$990,000

4 Beds
3 Baths
1,728 Sqft
.15 Acres
0 Garages

Priced To Sell and motivated owner... Investment or Residential opportunity... Perfect set up for a Seasonal, Annual or Vacation Rental property, or simply convert to a 4 bedroom, 3 bathroom single-family home and enjoy all that downtown living has to offer. 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 amazing property, plus the newly downtown development of Atlantic Crossings.
This is a highly desirable location in beautiful South Florida, with unlimited income possibilities! Vacation rental, seasonal rental, annual residential rental, or prime commercial real estate. Additionally, it could also be the perfect primary home near the beach with potential to earn income while living there.
An ideal real estate acquisition for investors seeking property in a highly sought after location, 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. Endless possibilities!

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. Ample parking at the front and rear of the property.

Updated and ready to move in, or immediate income potential.
There is also a very large, private 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 - $3,500 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-10598750
Price$990,000
Bedrooms4
Bathrooms3.00
Full Baths3
Square Footage1,728
Acres0.15
Year Built1971
TypeResidential
StyleDup/Tri/Row
StatusActive
Sub-Type

Residential, Single Family Detached

Community Information
Address311 N Swinton Av N
Area4460
SubdivisionDELRAY TOWN OF
CityDelray Beach
CountyPalm Beach
StateFL
Zip Code33444
Amenities
AmenitiesNone
ParkingDriveway
ViewGarden
WaterfrontNone
Utilities

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

Interior
Interior FeaturesW/D Hookup
HeatingCentral, Electric
CoolingCentral, Electric
# of Stories1
Stories1.00
Appliances

Dishwasher, Dryer, Freezer, Range - Electric, Refrigerator, Washer

Exterior
Lot Description< 1/4 Acre
WindowsSingle Hung Wood
ConstructionFrame, Frame/Stucco
Exterior Features

Auto Sprinkler, Custom Lighting, Fence, Room for Pool, Zoned Sprinkler

Additional Information
Date ListedFebruary 6th, 2020
Days on Market63
ZoningOSSHAD
Listing Details
OfficeLehmann Realty Inc.
Property History
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Increased from $819,000 to $990,000
Status Changed from New to Active
LISTING MAP

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All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2020 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2020 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on April 9th, 2020 at 10:00pm EDT.

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2020 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2020 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on April 9th, 2020 at 10:00pm EDT.

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