Florida
Delray Beach
821 SW 4th Avenue

$515,000

821 SW 4th Avenue, Delray Beach, FL 33444

5 beds |
4 baths |
1,607 sqft

Single-Family Home
Built in 1927
0.37acre lot
1 car garage
$320/sqft
Listed 11 months ago

Property 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!

Listing Status:: Active
Date Added:: August 9, 2024 at 05:00AM
Listing Office:: Regency Realty Services : (561) 394-4600
Listing Agent:: Matan Morag : (561) 706-0095
MLS ID:: R11011227

General: Split Bedrooms
Appliances: Electric RangeElectric Water HeaterRefrigerator
Flooring: Parquet
A/C: Central AirElectric
Heating: Central

This listing courtesy of Matan Morag, Regency Realty Services

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Pine Grove Elementary School

400 SW 10th St, Delray Beach, FL, 33444

Grades EE-5

0.20 miles away

Village Academy On The Art & Sara Jo Kobacker Campus

400 SW 12th Ave, Delray Beach, FL, 33444

Grades PK-12

0.68 miles away

Village Academy On The Art & Sara Jo Kobacker Campus

400 SW 12th Ave, Delray Beach, FL, 33444

Grades PK-12

0.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.