PRICED AT ONLY: $650,000
Address: 821 4th Avenue, Delray Beach, FL 33444
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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- MLS#: R11011227 ( Residential )
- Street Address: 821 4th Avenue
- Viewed: 151
- Price: $650,000
- Price sqft: $347
- Waterfront: No
- Year Built: 1927
- Bldg sqft: 1871
- Bedrooms: 5
- Total Baths: 4
- Full Baths: 4
- Garage / Parking Spaces: 1
- Days On Market: 177
- Additional Information
- Geolocation: 26 / -80
- County: Palm Beach
- City: Delray Beach
- Zipcode: 33444
- Subdivision: Town Of Delray Beach / Downtow
- Provided by: Regency Realty Services
- DMCA Notice
Features
Building and Construction
- Flooring: Parquet
Land Information
- Lot Features: Corner Lot
Garage and Parking
- Parking Features: Garage, Open
Eco-Communities
- Water Source: Public
Utilities
- Cooling: Central Air, Electric
- Electric: Three Phase
- Heating: Central
- Pets Allowed: No Restrictions, Yes
- Sewer: Public Sewer
- Utilities: Sewer Available, Water Available
Amenities
- Association Amenities: Pool, Baseball/Softball Field, Basketball Court, Boating, Cafe/Restaurant, Dog Park, Jogging Path, Park, Playground, Sidewalks, Soccer Field, Tennis Court(s), None
Finance and Tax Information
- Tax Year: 2023
Other Features
- Appliances: Electric Water Heater, Electric Range, Refrigerator, Water Heater
- Furnished: Unfurnished
- Interior Features: Bedroom Layout - Split, Storage
- Legal Description: SUB OF SEC 20-46-43 E 140 FT OF W 165 FT OF S 114 FT OF W 1/4 OF LT 11
- Parcel Number: 12434620010110040
- Style: Ranch
- Views: 151
- Zoning Code: Res
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
