$1,990,000
For Sale

311 N Swinton Avenue

Delray Beach, FL 33444
1728 sqft | #RX-11038504
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Ideal property for 1031 Exchange purchaser, or a buyer seeking a 2nd home with a guest house, the single-family home purchaser, a residential income investment, an ideal vacation rental/airbnb, or mixed use for a perfect remote work/home situation with direct Swinton signage... the possibilities are endless.
Welcome to 311 N. Swinton Avenue, a multi-family remodeled gem now available in the heart of Downtown Delray Beach, and just three blocks north of Atlantic Avenue in the historic neighborhood of Pineapple Grove. An exceptional and diverse investment property offering a coveted blend of versatility, prime location, and abundant potential. Relaxing and serene, yet within easy walking proximity to downtown Atlantic Avenue and it's plethora of dining options, shopping, and entertainment Option to use as a single-family residence, an income deriving investment, or for commercial use-age, and more. Seasonal and year-round rental is in high demand due to the exceptional location and hence income potential is limitless. Renovated and extremely private multi-family residence, enhanced with mature plantings, and room for a large pool, this is your tropical retreat in the heart of town. Inviting patio areas around the property provide peaceful areas that extend living space to the outdoors and into the beauty of the garden and it's vibrant surroundings.
The 4 bedrooms/3-bathroom property is a rare gem providing multiple options for residence, work, income, and guests. The 2BD/1BA and 2BD/2BD home offers spacious floor plans, large bedrooms, and 2 kitchens opening to living areas and serene and spacious patios. Property use suggestions allow for the property to simply be your private single-family 4-bedroom residence in the heart of town, or a residence that allows the privacy of single-home living with a built-in, private mother-in-law suite and guest suite. Alternatively, the property is an ideal private single-family residence providing separate work/office space that has built-in, valuable sign-frontage on historic Swinton Avenue. Furthermore, the offering is a lucrative income-deriving property that can be rented while you also enjoy your own private residence next door, and all in the heart of the developing vibrant South Florida community of Delray Beach. The variety of options provided by this property offers a flexible investment choice for the knowledgeable buyer that seeks a tropical living lifestyle alongside a stable investment decision. The property has been extensively renovated with a multitude of recent upgrades, including impact windows, and despite the profound value of a downtown location, privacy is evident. The home offers separate entrances, separate outdoor living spaces, separate utility meters, and private parking areas both on the East and West sides of the property, privately via a rear entry down one of Delray's charming alleyways and additionally private parking at the front of the property via the coveted Swinton Avenue entrance.
Offering unparalleled convenience to the beach and downtown Delray's highly desirable restaurant options, boutique shopping, and vibrant nightlife. This spectacular single-family residence option within a multifamily dwelling is a sound investment opportunity both as a substantial income producing property, and a profitable investment opportunity situated within a high-occupancy rate location and a much sought-after rental demand. Additionally, unprecedented growth and abundant local development of luxury residential and high-end commercial construction provides property value appreciation with unlimited potential.
Unique to this multifamily property, and as per the Delray Beach Historic Preservation Committee, the residence is a non-contributing property within OSSHAD (Old School Square Historic Arts District), offering redevelopment options for mixed-use, commercial, or residential possibilities.
Don't hesitate, immerse yourself into the quintessential beach town lifestyle and embrace the tranquility of a tropical home that is mere steps from the vibrant energy of Atlantic Avenue in this rare, move-in ready property. Whether for personal enjoyment as a single family residence in one of Delray's most coveted neighborhoods, or for a perfect work/life balance, or as immediate capitalization on unlimited rental opportunities as residential or commercial, or even a combination of all, this beautiful beach town property exudes Florida living and wise investment at it's best.

  • Interior Details
      • CoolingCentral
  • Property Details
      • Exterior FeaturesAuto Sprinkler, Covered Patio, Custom Lighting, Fence, Fruit Tree(s), Open Patio, Open Porch, Zoned Sprinkler
      • Exterior MaterialsAuto Sprinkler, Covered Patio, Custom Lighting, Fence, Fruit Tree(s), Open Patio, Open Porch, Zoned Sprinkler
      • Lot Features< 1/4 Acre, Sidewalks
      • Lot Description< 1/4 Acre, Sidewalks
      • ViewGarden
      • Stories1
    • Measurements
      • Square Feet1728
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1971
    • Material information
      • RoofComposition
  • Utilities / Energy Details
      • Utility FeaturesElectricity Connected, Public Sewer, Public Water
  • Community and Neighborhood Details
      • SubdivisionOSSHAD
    • Location
      • High SchoolAtlantic High School
      • ZoningOSSHAD—OSSHAD-O
      • CountyPalm Beach
  • Financial Details
      • Original List Price$1,990,000
      • Taxes Annual$12,571
  • Other
      • MLS #RX-11038504

Location

William Barnes | BrokerReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00