Property Description
Income-Producing Redevelopment Opportunity in East Delray Beach! Surrounded by newly constructed luxury properties and significant neighborhood transformation, this property presents an outstanding opportunity for builders, developers, investors, or end users seeking long-term value and future upside. The residence is currently leased through 2028 with a scheduled 3% rent increase in 2027, providing immediate cash flow while architectural plans, engineering, permitting, and future redevelopment are pursued. Whether your vision is to renovate and significantly expand the existing residence or construct a new custom estate, this property offers exceptional long-term potential.
Property Features
Amenities
Feature Descriptions
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Listed By / Shown By
Listed By
Agency Name: Keller Williams Coastal Partners
Agency Phone: 561-209-2500
Shown By
Agent Name: Banke Ayanleke
Agent Phone: (850) 792-4919
Agency Title: Watson Realty Corp., REALTORS ®
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Estimated Payment
$ 7,517.88 per month $6,300.96 Principal & Interest $852.33 Property Tax $364.58 Homeowner's InsuranceChange Payment Information
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1638 NE 3rd Avenue | MLS# B26049769
This single family home located at 1638 NE 3rd Avenue, Delray Beach, FL 33444 is currently listed for sale with an asking price of $1,250,000. This property was built in 1965 and has 3 bedrooms and 3 full baths with 1360 sq. ft. NE 3rd Avenue is located in the PLUMOSA PARK SEC A B AND D subdivision. Search PLUMOSA PARK SEC A B AND D real estate on www.bankeayanleke.com today.