Garden-Style Multifamily Asset For
1100 SW 4th Ave Delray Beach, FL 33444
1100 SW 4th Ave, Delray Beach, FL, 33444
$18,250,000
For Sale
$18,250,000
60-unit multifamily property in established rental market.
Property Size51,300 SF
Price / SF$355.75
Days on Market113
Property Features for 1100 SW 4th Ave
General Information
- Standard status
- Active
- Size
- 51,300 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing agency
(954) 312-1677
Listed by
Dan Dratch · License #FL #SL3341163
Source
Franklinst
Added: Apr 1 Updated: Jul 10 at 1:15PM Checked: Jul 10 at 1:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dan Dratch
Investment Insights
Based on property information with market context.
This multifamily property, constructed in 1980, is located in Delray Beach, Florida. The building has a classic low-rise, garden-style design. The property consists of a 51,300 square foot building with 60 residential units. It offers functional layouts and long-term housing stability.
Key Highlights
- Established rental market in Delray, South Florida.
- 60 residential units providing immediate scale.
- Single building for operational efficiency.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.50M | $29.28 |
| − Vacancy | −$67.6k | −$1.32 |
| EGI | $1.43M | $27.96 |
| − OpEx | −$645.5k | −$12.58 |
| NOI | $789.0k | $15.38 |
51,300 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$11.27M
$9.86M – $13.15M
NOI $788,959 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$36.13M
$31.61M – $42.15M
NOI $2,528,983 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
One Corporate Group
Interior Design
Maximum Car Care ...
Car Wash
U.S. TINT | AUTOMOTIVE ...
Interior Design
Digital Tax Services-NOT ...
Tax Preparation
U.S. TINT Window ...
Interior Design
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FAQs
What type of property is this?
Apartment building - 60-unit multifamily property in established rental market.
Where is this apartment building located?
The property is located at 1100 SW 4th Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $18,250,000.
What are key features of this property?
This property features: Established rental market in Delray, South Florida.; 60 residential units providing immediate scale.; Single building for operational efficiency.
