SHORT-SALE! PROFORMA 10-11% CAP RATE! Downtown Delray builder special! 16,030sf CORNER LOT (140ftx114ft). Great opportunity! New construction around! Existing singe-family home situated on enormous lot and features main house with 3br/2ba, garage and two additional efficiency/studio units. Potential options: 1) Redevelopment opportunity: build 1 or 2 homes; each house could have large 8,000sf+/- lots 2) Add/build ADU, 3) Combine house into large interior space to create one large home 4) Rehab & maintain same floor plan then rent out all 3 spaces; PROFORMA 10-11% CAP RATE! Excellent location near Swinton Ave; ~1 mile to the beach. Spacious yard. Walk to Swinton/Atlantic Ave, downtown! No HOA! Short-term rental potential! Located in Opportunity Zone and Delray Beach CRA District!
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821 SW 4th Avenue
Delray Beach, FL 33444
HIGHLIGHTS
Price
$650,000
Status
Active
Year Built
1927
Bedrooms
5
Bathrooms
4
Garages
1
Living Sq Ft
1,607
Total Sq Ft
1,871
MLS Number
R11011227
SANCTUARY
Property Details
Interior
Interior Features
Bedroom Layout - Split, Storage
Flooring
Parquet
Furnished
Unfurnished
Rooms
Living Room, Kitchen, Master Bedroom
Master Bedroom & Bath
None
Exterior
Private Pool
No
Waterfront
No
Dwelling & Lot
Stories
1
Utilities
Sewer Available, Water Available
Legal Description
SUB OF SEC 20-46-43 E 140 FT OF W 165 FT OF S 114 FT OF W 1/4 OF LT 11
Lot Sq Ft
16,030
Front Exposure
North
Community
Subdivision
Town of Delray Beach / Downtown Delray Beach
Taxes
$6,197.00
Security
Security Patrol
Pets Allowed
Yes
Listing Courtesty of Matan Morag PA at Regency Realty Services
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