821 Sw 4th Avenue, Delray Beach, FL 33444
- $650,000
- List Price
- $650,000
- MLS#
- R11011239
- Status
- ACTIVE WITH CONTRACT
- Type
- Land
- Short Sale
- Yes
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!
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Additional Information
- Days on Market
- 651
- Tax Amount
- $6,197
- Parcel Number
- 12434620010110040
- Front Exposure
- North
- Directions
- South Swinton Ave to SW 8 Ct, turn west, property on corner of SW 8 Ct and SW 4 Ave.
- Address
- 821 Sw 4th Avenue, Delray Beach
- Development Name
- Town Of Delray Beach / Dow, Town Of Delray Beach
- Development
- Town Of Delray Beach / Dow, Town Of Delray Beach
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Listing Courtesy of Regency Realty Services, Contact: