Town of Delray Beach / Downtown Delray Beach

821 4th Delray Beach, FL 33444
 
$650,000
Beds/Baths 5/4/0
Interior Space 1,607 SQFT
List Price $/SF $404
Waterfront No
Pool No
Furnished Unfurnished
Year Built 1927
Days on the Market 493 days
Reference RX-11011227
Contact Us
Town of Delray Beach / Downtown Delray Beach is located in Delray Beach Homes
APPROVED 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!

Details

Town of Delray Beach / Downtown Delray Beach
1871.00 SF
1/4 to 1/2 Acre,Corner Lot
1.00
Parquet Floor

Rooms

Bedroom
Master Bath
  • None
Dining

Additional Rooms

  • Storage

Interior Features

  • Split Bedroom
  • Entry Lvl Lvng Area

Exterior Features

  • Open Patio

Subdivision Information

  • Town of Delray Beach / Downtown Delray Beach

Property Tax Information

$6,197
2023
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Broker Steve Samuels Photo
Steve Samuels
Broker
305-494-1767
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