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Sold for $655,000 on 04/28/25
  • $655,000

    118 SW 7th St, Delray Beach, FL 33444

    --beds
    --baths
    2,016sqft
    Duplex
    Built in 1956
    -- sqft lot
    $-- Zestimate®
    $325/sqft
    $3,365 Estimated rent

    What's special

    Prime investment opportunity just 5 blocks south of the famous Atlantic Ave in Delray Beach! This nearly fully remodeled duplex features a 2BR/1BA unit rented at $2,800/month and a vacant 4BR/2BA unit with a $4,000-$4,500 rental potential, offering strong cash flow. Property highlights include separate meters, new AC, impact windows, and modern upgrades throughout. Live in one unit and rent the other or lease both for maximum returns. Appraised As-Is at $745K and selling at a 7.9% CAP RATE, this deal won’t last! Perfect for investors or house-hackers looking for prime location and income potential. Don't miss out on this rare find in Delray Beach!

    Zillow last checked: 7 hours ago

    Listing updated: April 29, 2025 at 06:05am

    Listed by:

    David Arie Schwartzberg 631-521-5218,

    Southwestern Real Estate

    Bought with:

    Emanuel Fleurantin, 3358234

    Woyce Realty Investments & Consulting Inc.

    Source: BeachesMLS ,MLS#: F10488304MLS LogoOriginating MLS: Beaches MLS

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • Ceiling Fan(s), Central Air
    Features
    • Flooring: Tile
    • Windows: High Impact Windows
    Interior area
    • Total interior livable area: 2,016 sqft

    Property

    Parking
    • Total spaces: 10
    Features
    • Stories: 1
    Lot
    • Size: 9,835 sqft
    • Dimensions: 9835 sqft
    • Features: Less Than 1/4 Acre Lot
    Details
    • Parcel number: 12434620070000100
    • Zoning: R-1-A (city)

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Cbs Construction
    • Roof: Composition
    Condition
    • Year built: 1956

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Available

    Community & neighborhood

    Location
    • Region: Delray Beach
    • Subdivision: Nichols 1st Add To Delray

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability
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