821 SW 4th Ave Delray Beach
515,000
5 Bedrooms
4 Baths
1,607 SqFt
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!
Status:
Active
Listing ID:
RX-11011227
Unit Floor:
0
Parking:
Pets:
Yes
Market Days:
340
Membership:
No
Waterfront:
No
HOA Fee:
0.00
Rec Lease:
Taxes:
6197.00
Year Built:
1927
Type:
Single Family
Garage:
1.00
Construction:
Other
55+:
No
Pool:
No
Stories:
1.00
