821 SW 4th Avenue, Delray Beach, FL 33444
- $650,000
- List Price
- $650,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 651
- MLS#
- R11011239
- Subtype
- Land
- Short Sale
- Yes
- Lot Size
- 16,030
- Acres
- 0.37
- Subdivision
- Town Of Delray Beach / Downtown Delray Beach
- Building Name
- Town Of Delray Beach / Downtown Delray Beach
- MLS Area Major
- 4460
Property Description
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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Additional Information
- Amenities
- Beach Access
- Taxes
- $6,197
Listing courtesy of Regency Realty Services. Contact:
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Agent: Matan Morag PA | Email: mgrealtygroup@gmail.com