1638 NE 3rd Avenue, Delray Beach, FL 33444

$1,250,000
3
BD
3
BA
1,228
SqFt

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List Price
$1,250,000
MLS#
B26049769
Bedrooms
3
Bathrooms
3
Sq. Ft
1,228
Subtype
Single Family Residence
County
Palm Beach
Subdivision
Plumosa Park Sec A, B And D
Year Built
1965

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.

Additional Information

Pets Allowed
No Pet Restrictions, Yes
Construction
Block
Cooling
Central Air, Ceiling Fan(s)
Flooring
Tile
Heating
Central
Roof
Shingle
Taxes
$10,228
Utilities
Electricity Connected, Sewer Connected, Water Connected
Private Pool
Yes
Waterfront
None
Stories
1
Acres
0.26
Price Per Sqft
$1,017

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Coastal Partners. Contact: