821 SW 4th Avenue, Delray Beach FL 33444

For sale Days on market 543

$650,000

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Overview

0.368 acres

Property Type

Agriculture

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!

Property Details

MLS#

R11011239

Address

821 4th SW

City

Delray Beach

State/county

Zip/Postal Code

33444

Area

Town Of Delray Beach / Dow,town Of Delray Beach

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$6,197

Maint Fee

$--

Tax Year

2023

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