$ 1,250,000
-
$1,250,000
Price -
3
Bed -
3
Bath -
1,228
SqFt
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About the Listing 276538722 - 276613519
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.
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Dryer, Dishwasher, Electric Water Heater, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Range, Refrigerator, Water Heater, Washer
- Air Cond: Central Air,Ceiling Fan(s)
- Heating: Central
- Fireplaces:
- Floor: Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Built-in Features,Kitchen Island,Multiple En Suite Bathrooms,Storage,Pets Allowed
- Water: Public
Exterior Details
- Lot Description: Fruit Trees,Landscaped,1/4 to 1/2 Acre Lot,Storage
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: R-1-AA (city)
- Roof: Shingle
- Others: Outdoor Living Area
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $10,228
- Taxes w/Assessments: N/A
- Tax/Property ID: 12434609190000990
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
1638 NE 3rd Ave Delray Beach, FL 33444
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