821 SW 4th Avenue, Delray Beach, FL 33444

$650,000
: 5
BD
: 4
BA
: 1,607
SqFt

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List Price: $650,000
MLS#: R11011227
Short Sale: Yes
Bedrooms: 5
Bathrooms: 4
Sq. Ft: 1,607
Subtype: Detached
County: Palm Beach
Subdivision: Town Of Delray Beach / Downtown Delray Beach
Region: 4460 Delray Beach - E. of 95
Year Built: 1927

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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!

(561) 214-0164

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Additional Information

Heating: Central
Cooling: Central Air, Electric
Parking Spaces: 1
Flooring: Parquet
Construction: Other
Living Area: 1,607
Pets Allowed: Yes