$450,000
Delray Beach, FL 33444
MLS# RX-10948349
Status: Active Under Contract
4 beds | 2 baths | 1340 sqft
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Property Description
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!
Details
Maps
Contract Information
Listing Date: 2024-01-08
Status: Active Under Contract
Original List Price: 469000
Auction: No
List Price: $450,000
Current Price: $450,000
List Price/SqFt: 335.82
Comm/Non-Rep: 2.5%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Single Family Detached
Governing Bodies: None
Main Level Bedrooms: 4
Total Bedrooms: 4
Main Level Bathrooms: 2
Baths - Full: 2
Baths - Total: 2
Property Condition: Resale
Year Built: 1930
SqFt - Total: 1372
SqFt - Living: 1340
SqFt Source: Tax Rolls
Gated Community: No
Homeowners Assoc: None
Association Deposit: No
Membership Fee Required: No
Directions: Atlantic Ave east of I-95. Go north on 7th Avenue and left on 1st Street.
Subdivision: Town of Delray Beach / Downtown Delray Beach
Development Name: Town of Delray Beach / Downtown Delray Beach
Legal Desc: MONROE SUB LT 21 BLK 4
Lot SqFt: 6737
Lot Dimensions: 50.0 ft x 135.0 ft
Waterfront: No
Front Exp: North
Private Pool: No
Pets Allowed: Yes
Pets on Premises: No
Total Floors/Stories: 1
Location, Tax & Legal
Area: 4460
Geo Area: PB06
Country: United States
County: Palm Beach
Parcel ID: 12434617010040210
Street #: 706
Street Dir: NW
Street Name: 1st
Street Suffix: Street
State/Province: FL
Zip Code: 33444
Zoning: R-1-A
Tax Year: 2023
Taxes: 7230
Special Assessment: No
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
REO: No
HOPA: No Hopa
Geo Lat: 26.463189
Geo Lon: -80.080526
Office/Member Info
DXORIGMLNO: RX-10948349
DXORIGMLSID: RML
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2024-03-28
Property Features
Construction: Frame; Stucco; Woodside
Waterfront Details: None
Exterior Features: Fruit Tree(s); Open Patio; Room for Pool
Interior Features: None
Master Bedroom/Bath: None
Furnished: Unfurnished
Rooms: None
Parking: 2+ Spaces
Subdiv. Amenities: Ball Field; Basketball; Bike - Jog; Cafe/Restaurant; Courtesy Bus; Dog Park; Library; Park; Playground; Pool; Sidewalks; Soccer Field; Street Lights; Tennis
Pet Restrictions: No Restrictions
Restrict: None
Flooring: Ceramic Tile; Tile
Heating: Central
Cooling: Central; Wall-Win A/C
Equip/Appl Included: Range - Electric; Refrigerator; Water Heater - Elec
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Utilities: Cable; Electric; Public Sewer; Public Water
Storm Protection: None
Taxes: City/County
Possession: At Closing; Funding
Contingencies: None
Room Information
| Room Name | Length | Width | Length | Level | Width |
| Living Room | 1.00 | 1.00 | 1.00 | Main | 1.00 |
| Kitchen | 1.00 | 1.00 | 1.00 | Main | 1.00 |
| Master Bedroom | 1.00 | 1.00 | 1.00 | Main | 1.00 |
Listing Office: Regency Realty Services
Last Updated: April - 05 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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