Interior
- Bedrooms
- 5
- Bathrooms
- 5
- Living area
- 4,000 sq ft
Active · SingleFamilyResidence
$2,700,000
1650 NE 3rd Avenue, Delray Beach, FL 33444
- Beds
- 5
- Baths
- 5
- Living area
- 4,000 sq ft
- $ / sq ft
- $675/sq ft
- Year built
- 1965
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
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 room for further development. The existing layout allows you to double the number of bedrooms, maximizing its potential
Property location
Get Directions1650 NE 3rd Avenue, Delray Beach, FL 33444
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Facts & features
Exterior & Structure
- Property type
- SingleFamilyResidence
- Year built
- 1965
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Palm Beach
- MLS listing ID
- B26018069
- 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
-$5,487
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.7%
- Gross yield
- 6.5%
- Mortgage payment
- $12,799/mo
- Down payment
- $675,000
- Loan amount
- $2,025,000
- Annual NOI
- $87,750
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.