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    Apartment buildings

    2259 Linton Ridge Cir, Delray Beach, FL 33444

    Built 1985
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a portfolio of five two-bedroom, two-bathroom apartment units located at 2259 Linton Ridge Cir, Delray Beach, FL 33444. All units are situated within the same well-maintained complex and are currently under lease, generating a substantial monthly income. The asking price for this package deal is $1,200,000. The combined monthly rent is $9,500, with individual HOA fees of $405 per unit and taxes of $177 per unit. After accounting for HOA fees and taxes, the net monthly income totals $6,590, representing a 6.6% net return. Built in 1985, this turnkey investment requires no waiting periods or rental restrictions, offering immediate cash flow. Delray Beach's robust growth and desirability make this a phenomenal long-term investment opportunity in a highly sought-after South Florida location. The units are professionally maintained and offer a hassle-free entry into the lucrative South Florida rental market. This is a rare opportunity to acquire a five-unit package deal, providing immediate income and significant long-term potential. No individual unit sales are available; this is a complete package only.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1985
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Diane J. Huntley, ARNP Physician
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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