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!
821 SW 4th Avenue
Delray Beach, FL 33444
HIGHLIGHTS
Price
$650,000
Status
Active
Lot Size
140' x 114'
MLS Number
RX-11011239
SANCTUARY
Property Details
Exterior
Private Pool
No
Dwelling & Lot
Lot Description
1/4 to 1/2 Acre
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 Dimensions
140' x 114'
Front Exposure
North
Community
Subdivision
Town of Delray Beach / Downtown Delray Beach
Governing Body
HOA
Taxes
$6,197.00
Security
Security Patrol
Pets Allowed
Yes
Listing Courtesty of Matan Morag at Regency Realty Services
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