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706 NW 1st Street

Delray Beach, FL 33444
  • $450,000
  • STATUS: Active Under Contract
  • ON SITE: 162 Days
  • ID#: RX-10948349
Under Contract
UPDATED: 69 min ago
$450,000
  • 4
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,340
    SQFT
  • $336
    $/SQFT
Type:
Single-Family Home
Built:
1930
County:
Area:

School Ratings & Info

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!

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www.mrcflorida.com/homes/146490199
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706 NW 1st Street Delray Beach, FL 33444

  • Price: $450,000
  • Status: Active Under Contract
  • On Site: 162 Days
  • Updated: 69 min ago
  • ID#: RX-10948349
4
Beds
2
Baths
0
½ Baths
0.15
Acres
1,340
SQFT
$336
$/SQFT
1930
Built
Neighborhood:
Town Of Delray Beach / Downtown Delray Beach
County:
Palm Beach
Area:
Delray Beach
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!
Exterior Features

Construction FrameStuccoWoodside Covered Spaces 0.00 Exterior Features Fruit Tree(s)Open PatioRoom for Pool Front Exposure North Lot Dimensions 50.0 ft x 135.0 ft Parking 2+ Spaces Private Pool YN No Roof Comp Shingle Storm Protection None Waterfront Description None Waterfront YN No

Interior Features

Baths Total 2.00 Cooling CentralWall-Win A/C Equipment Appliances Included Range - ElectricRefrigeratorWater Heater - Elec Flooring Ceramic TileTile Furnished Unfurnished Heating Central Interior Features None Main Level Bedrooms 4 Master Bedroom Bath None Rooms None

Property Features

Auction No Built Desc Resale Contingent Active Under Contract Contingents None Development Name Town of Delray Beach / Downtown Delray Beach Gated Community No Governing Bodies None Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Membership Equity YN No Pets Allowed Yes Possession At ClosingFunding REO No Restrictions None Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Sq Ft Total 1372.00 Subdivision Amenities Ball FieldBasketballBike - JogCafe/RestaurantCourtesy BusDog ParkLibraryParkPlaygroundPoolSidewalksSoccer FieldStreet LightsTennis Tax Amount 7230.00 Tax Year 2023 Taxes City/County Terms Considered CashConventional Utilities CableElectricPublic SewerPublic Water Zoning R-1-A

Listing provided courtesy of Regency Realty Services: . Listing information © 2024 BeachesMLS
 
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Metro Realty Corp.
11471 W Sample Rd #40
Coral Springs FL, 33065