APPROVED 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!
Accepting backups
Price cut: $135K (6/26)
$515,000
821 SW 4th Avenue, Delray Beach, FL 33444
5beds
1,607sqft
Est.:
Single Family Residence
Built in 1927
0.37 Acres Lot
$-- Zestimate®
$320/sqft
$-- HOA
What's special
Spacious yardCorner lotEnormous lotEfficiency units
- 372 days
- on Zillow |
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