About This Home

This land at 821 SW 4th Avenue in Delray Beach, FL is listed for $650,000 (0.37 acres).

Key Features

  • 0.37 acre lot
Listing 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!

Location

821 SW 4th Avenue

Delray Beach, FL 33444

Town of Delray Beach / Downtown Delray Beach

Questions & Answers

This 0-bedroom, 0-bathroom land at 821 SW 4th Avenue is listed at $650,000. The estimated monthly payment is $3,477 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.37 acre lot.

This property is listed by Matan Morag PA.

MP

Matan Morag PA

License 3124553

Agent at Regency Two Realty Services DBA Regency Realty Services

Listed by Regency Two Realty Services DBA Regency Realty Services · Broker phone: (561) 394-4600 x108 · View on Broker Site

MLS# R11011239· Source: BeachesMLS· 811 days on PropertySimple

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821 SW 4th Avenue, Delray Beach, FL 33444

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