1650 NE 3rd Avenue, Delray Beach, FL 33444 — MLS photo

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1650 NE 3rd Avenue, Delray Beach, FL 33444

Active · CommercialSale

$2,700,000

1650 NE 3rd Avenue, Delray Beach, FL 33444

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1965
Lot size
—
HOA fee
—
Annual tax
$13,046

About this property

This spacious 5000+ SF compound offers endless possibilities, just steps from Pineapple Grove and downtown Delray. With its versatile layout and prime location this property presents a great investment opportunity, ideal for an assisted living facility or a short-term rental. The property consists of 5 bedrooms and 5 bathrooms. The original 1960s home, a 1336 SF residence with 2 bedrooms and 2 bathrooms, seamlessly connects to a 3000+ SF addition completed in 2024. This expansion includes a 2 car garage, 3 bedrooms and 3 bathrooms. The entire property surrounds a newly built pool, creating a functional indoor/outdoor living space. This property sits on a large lot with a room for further development. The existing layout allows you to double the number of bedrooms, maximizing its potential

Property location

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1650 NE 3rd Avenue, Delray Beach, FL 33444

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Facts & features

Interior

Bathrooms
0
Flooring
Tile
Cooling
Central Air
Heating
Central

Exterior & Structure

Property type
CommercialSale
Year built
1965
Stories
1
Roof
Composition
Construction
Other

Parking

Covered spaces
0

HOA, Community & Financials

Security
Smoke Detectors
Annual tax
$13,046
County
Palm Beach
Days on market
222
MLS listing ID
B26000389
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

-$2,097

Cap rate
4.8%
Net yield
4.8%
Cash-on-cash return
-3.3%
Gross yield
6.6%
Mortgage payment
$12,799/mo
Down payment
$675,000
Loan amount
$2,025,000
Annual NOI
$128,434

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.