Interior
- Bathrooms
- 0
- Flooring
- Marble, Other, Slate, Tile
- Cooling
- Central Air
- Heating
- Central
Active · MultiFamily
$2,890,000
280 NE 6th Avenue, Delray Beach, FL 33483
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1950
- Lot size
- 7,957 sq ft
- HOA fee
- —
- Annual tax
- $22,422
About this property
INVESTORS — THIS OPPORTUNITY IS FOR YOU! Introducing a stunning 5-unit new construction project in the heart of Delray Beach. All permits and architectural drawings have been submitted and are awaiting final approval — meaning now is the ideal moment to get in before construction begins.Capitalize on one of the most dynamic and high-growth real estate markets in the country. This premier development is within walking distance of the vibrant Atlantic Avenue, renowned beaches, top-rated restaurants, boutique shopping, and endless lifestyle amenities.Don’t miss your chance to secure a stake in this exceptional investment opportunity before ground breaks.
Property location
Get Directions280 NE 6th Avenue, Delray Beach, FL 33483
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Facts & features
Exterior & Structure
- Property type
- MultiFamily
- Year built
- 1950
- Stories
- 4
- Lot size
- 7,957 sq ft
- Roof
- Concrete
- Construction
- Block
Parking
- Covered spaces
- 0
- Parking features
- Assigned, Covered, Guest
HOA, Community & Financials
- Security
- Lobby Secured, Security System, Smoke Detectors
- Annual tax
- $22,422
- County
- Palm Beach
- Days on market
- 308
- MLS listing ID
- F10540501
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$2,949
- Cap rate
- 4.5%
- Net yield
- 4.5%
- Cash-on-cash return
- -4.4%
- Gross yield
- 6.6%
- Mortgage payment
- $13,700/mo
- Down payment
- $722,500
- Loan amount
- $2,167,500
- Annual NOI
- $129,014
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.