706 NW 1st St Delray Beach

450,000

4 Bedrooms

2 Baths

1,340 SqFt

Value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own multiple properties with one purchase just 1 block from E Atlantic Ave. Lease are both MTM. Rents are way below market! Front house rented at $1,550 & rear house at $950. Great opportunity to Airbnb or high rental income in rapid up coming downtown location. New residential & commercial construction nearby & coming soon. Front house has newer central air unit. Rear home has window a/c units. Newer exterior painted. Homes need updating. Tenant occupied, no interior photos. Rents way below market. Market rents if renovated for both units combined is ~$4,500/mo. Property is in Opportunity Zone & located within the Delray Beach CRA district!
Status:
Active
Listing ID:
RX-10948349
Unit Floor:
0
Parking:
Pets:
Yes
Market Days:
52
Membership:
No
Waterfront:
No
HOA Fee:
0.00
Rec Lease:
Taxes:
7230.00
Year Built:
1930
Type:
Single Family
Garage:
0.00
Construction:
Frame,Stucco,Woodside
55+:
No
Pool:
No
Stories:
1.00
View:
Water Features:
None

Contact Broker: Bob Chapin (561) 774-3472

Listing Information Courtesy of Regency Realty Services
Information Provided by Realtor Association of the Palm Beaches (RAPB)

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