821 SW 4th Avenue, Delray Beach, FL 33444
- $650,000
- 5
- BD
- 4
- BA
- 1,607
- SqFt
- List Price
- $650,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 651
- MLS#
- R11011227
- Subtype
- Residential
- Short Sale
- Yes
- Style
- Ranch
- Year Built
- 1927
- Bedrooms
- 5
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 1,607
- 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
- Basketball Court, Boat Facilities, Boating, Dog Park, None, Park, Playground, Pool, Restaurant, Sidewalks, Sports Fields, Tennis Court(s), Trail(s)
- Interior Features
- None, Split Bedrooms, Storage
- Exterior Features
- Outdoor Living Area
- Taxes
- $6,197
- Property Description
- Ranch
- Flooring
- Parquet
- Appliances
- Electric Range, Electric Water Heater, Refrigerator, Water Heater
- Heating
- Central
- Air Conditioning
- Central Air, Electric
- Exterior Construction
- Other
- Stories
- 1
- Levels
- One
- Parking Features
- Garage, Open
- Garage Spaces
- 1
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Listing courtesy of Regency Realty Services. Contact:
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Agent: Matan Morag PA | Email: mgrealtygroup@gmail.com