821 SW 4th AVE Active Save Request In-Person Tour Request Virtual Tour
Delray Beach,FL 33444
Key Details
Property Type Single Family Home, Vacant Land
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Subdivision Town Of Delray Beach / Downtown Delray Beach
MLS Listing ID RX-11011239
Annual Tax Amount $6,197
Tax Year 2023
Lot Size 0.368 Acres
Property Sub-Type Single Family Detached
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!
Location
State FL
County Palm Beach
Community Town Of Delray Beach / Downtown Delray Beach
Area 4460
Zoning Res
Exterior
Utilities Available Cable,Electric,Municipal Sewer,Public Water
Exposure North
Building
Lot Description 1/4 to 1/2 Acre
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Virtual Tour https://www.propertypanorama.com/821-SW-4th-Avenue-Delray-Beach-FL-33444--RX-11011239/unbranded