Basic Information

  • MLS # RX-11011227
  • Type Single Family Home
  • Subdivision/Complex Town Of Delray Beach / Do
  • Year Built 1927
  • Total Sqft 16,030
  • Date Listed 08/09/2024
  • Days on Market 415
Description

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!

Amenities

  • Basketball Court
  • Other
  • Pool
  • Tennis Courts
  • Trails

Exterior Features

  • Waterfront No
  • Parking Spaces 1
  • Pool No
  • Parking Description Driveway, Open, Two Or More Spaces
  • Exterior Features Patio

Interior Features

  • Adjusted Sqft 1,607Sq.Ft
  • Interior Features Split Bedrooms
  • Sqft 1,607 Sq.Ft

Property Features

  • Aprox. Lot Size 16,030
  • Furnished Info No
  • Lot Description Corner Lot
  • Short Sale Short Sale
  • HOA Fees N/A
  • Subdivision Complex Town Of Delray Beach / Do
  • Subdivision Info Town Of Delray Beach / Do
  • Tax Amount $6,197
  • Tax Year 2023

821 SW 4th Ave

Delray Beach, FL 33444

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