Price: $515,000
MLS Number: RX-11011227
 Single Family
821 4th, Delray Beach, Florida 33444 USA
 Beds: 5
 
 Baths: 4
 
 Living Area: 1,871
 HOA Fees: 
 
 Year Built: 1927
 
 Community: Town of Delray Beach / Downtown Delray Beach
 
 Subdivision: Town of Delray Beach / Downtown Delray Beach
About this Property
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!
Exterior:Patio
Flooring:Parquet Floors
Heat/Cool:Central Air Conditioning, Central Heat
Inclusions:Electric Range and Oven, Stove, Cooktop Range, Refrigerator, Range and Oven
Lot:Corner Lot
Parking:2 Parking Places, Space(s), Paved Driveway
Style:Ranch

About the Area

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