Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

940 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Fall Ridge of Delray 1100 SW 4th Ave 60 Unit Apartment Building $24,734,224 CAD ($412,237 CAD/Unit) 4.81% Cap Rate Delray Beach, FL 33444

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Extremely Rare Opportunity To Acquire A 60-Unit, Villa-Style Multifamily Community In The Prestigious Delray Beach Area
Complete Ownership Of 60/60 Units Within The Community
Prime Delray Beach Location Within Walking Distance To Restaurants, Retailers, Schools, And More

Property Consists Of 15 Buildings Sitting On A Large 4.86 Acre Lot - Desirable Unit Mix Consisting Of ALL Spacious 2 Bed 2 Bath Units
All Electrical Subpanels Have Been Updated And New Roofs & Appliances As Needed
Located Just North Of Linton Blvd Providing Tenants Easy Access To Downtown, The Beach, And Anywhere In Palm Beach County Via I-95 And US-1

Executive Summary

Fall Ridge of Delray presents a compelling opportunity to acquire a well-scaled, garden style multifamily asset in one of South Florida’s most established rental markets. The property consists of a 51,300 square foot building with 60 residential units, offering investors immediate scale and operational efficiency within a single asset. Constructed in 1980, the building reflects a classic low-rise multifamily design that continues to appeal to a broad renter profile seeking functional layouts and long-term housing stability.
The property’s unit count and building size position it favorably for professional management and value-oriented investment strategies. With 60 units under one roof, ownership benefits from economies of scale, streamlined maintenance, and consistent cash flow potential. The RM – Multiple Family (Medium) zoning provides flexibility for continued multifamily use and supports long-term hold strategies within an established zoning framework, reducing entitlement risk for investors.
Fall Ridge of Delray offers a strong foundation for both stable income and future upside through targeted capital improvements, operational efficiencies, and potential rent growth. Its vintage construction allows for a value-add approach while maintaining durable fundamentals typical of well-located garden-style assets. For multifamily investors focused on medium-density properties, the asset represents a rare opportunity to acquire scale, zoning certainty, and long-term multifamily viability within a single, cohesive property.

Flyer_Fall_Ridge_Of_Delray_FranklinSt_2026

Property Facts

Price	$24,734,224 CAD	Building Class	C
Price Per Unit	$412,237 CAD	Lot Size	4.90 AC
Sale Type	Investment	Building Size	51,300 SF
Cap Rate	4.81%	No. Stories	1
No. Units	60	Year Built/Renovated	1980/2013
Property Type	Multifamily	Parking Ratio	2.34/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Garden
Zoning	RM

Price	$24,734,224 CAD
Price Per Unit	$412,237 CAD
Sale Type	Investment
Cap Rate	4.81%
No. Units	60
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	4.90 AC
Building Size	51,300 SF
No. Stories	1
Year Built/Renovated	1980/2013
Parking Ratio	2.34/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM

Unit Amenities

Air Conditioning
Heating

Refrigerator
Oven

Range

Grill

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
2+2	60	-	-

1 1

Property Taxes

Parcel Numbers	Multiple 12-43-46-20-36-000-0510 12-43-46-20-36-000-0520 12-43-46-20-36-000-0280 12-43-46-20-36-000-0310 12-43-46-20-36-000-0090 12-43-46-20-36-000-0100 12-43-46-20-36-000-0290 12-43-46-20-36-000-0300 12-43-46-20-36-000-0040 12-43-46-20-36-000-0320 12-43-46-20-36-000-0210 12-43-46-20-36-000-0370 12-43-46-20-36-000-0250 12-43-46-20-36-000-0270 12-43-46-20-36-000-0380 12-43-46-20-36-000-0420 12-43-46-20-36-000-0450 12-43-46-20-36-000-0460 12-43-46-20-36-000-0540 12-43-46-20-36-000-0570 12-43-46-20-36-000-0580 12-43-46-20-36-000-0600 12-43-46-20-36-000-0230 12-43-46-20-36-000-0140 12-43-46-20-36-000-0350 12-43-46-20-36-000-0070 12-43-46-20-36-000-0470 12-43-46-20-36-000-0120 12-43-46-20-36-000-0170 12-43-46-20-36-000-0550 12-43-46-20-36-000-0400 12-43-46-20-36-000-0410 12-43-46-20-36-000-0020 12-43-46-20-36-000-0030 12-43-46-20-36-000-0060 12-43-46-20-36-000-0190 12-43-46-20-36-000-0180 12-43-46-20-36-000-0080 12-43-46-20-36-000-0560 12-43-46-20-36-000-0240 12-43-46-20-36-000-0430 12-43-46-20-36-000-0110 12-43-46-20-36-000-0330 12-43-46-20-36-000-0150 12-43-46-20-36-000-0340 12-43-46-20-36-000-0200 12-43-46-20-36-000-0440 12-43-46-20-36-000-0480 12-43-46-20-36-000-0490 12-43-46-20-36-000-0500 12-43-46-20-36-000-0360 12-43-46-20-36-000-0220 12-43-46-20-36-000-0010 12-43-46-20-36-000-0260 12-43-46-20-36-000-0130 12-43-46-20-36-000-0160 12-43-46-20-36-000-0390 12-43-46-20-36-000-0050 12-43-46-20-36-000-0530 12-43-46-20-36-000-0590	Improvements Assessment	$0 CAD
Land Assessment	$0 CAD	Total Assessment	$16,001,980 CAD