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    237 NE 12Th St Delray Beach, FL 33444

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    For Sale
    $997,000

    Multifamily property near downtown Delray Beach, suitable for rentals.

    Building Details

    Year built
    1963

    Source: Illustrated Properties LLC Agent Jacqueline Bandoh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Delray Beach Investment Opportunity

    This property presents an investment opportunity in a prime location near downtown Delray Beach, Florida. It is situated a few minutes from Atlantic Avenue, known for its boutiques, galleries, restaurants, and nightlife. The beach is also located nearby. The property is suitable for both annual and short-term rentals, and there are no HOA restrictions.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0694692
    Latitude
    26.4776561

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    FAQs

    What type of property is this?
    Short term rental property - Multifamily property near downtown Delray Beach, suitable for rentals.
    Where is this short term rental property located?
    The property is located at 237 NE 12Th St Delray Beach, FL.
    What is the asking price?
    The asking price for this property is $997,000.
    What are key features of this property?
    This property features: - Prime location near downtown Delray Beach and Atlantic Ave.; - Short term rentals allowed.; - No HOA restrictions.
    (561) 602-8680
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    237 NE 12Th St Delray Beach, FL 33444
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    Delray Beach, FL 33444
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    237 NE 12Th St Delray Beach, FL 33444
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