Active MLS listing · MLS #B26049769

1638 NE 3rd Avenue

Delray Beach, FL, 33444

1 / 12

$1,250,000

3Beds

3Baths

1228SqFt

Property type: Single Family Residence
Subdivision: PLUMOSA PARK SEC A, B AND D
Year built: 1965

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.

Listing Courtesy of: Keller Williams Coastal Partners
abarbar@kw.com

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