$450,000
For Sale

706 NW 1st Street #1-2

Delray Beach, FL 33444
1340 sqft | 4 beds | 2 baths | #RX-11045418
Type:Purchase
Structure:House
Zone:Residential

Description

Handyman Special! Downtown Delray Beach consisting of two separately metered homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own two single-family homes on one property just 1 block from East Atlantic Ave. Both tenants are MTM. Rents are well below market! Front house rented at $1,550 and rear house rented at $950. Great opportunity for high rental income in rapidly growing downtown location. Also great short-term rental potential. New construction all around. Front house has newer central HVAC unit. Rear home has window a/c units. Homes needs updating. Tenant occupied. Market rents if both units rehabbed combined is ~$4,500+ per month. Property is located in an Opportunity Zone & within the Delray Beach CRA district.

  • Property Details
      • Utility FeaturesCable Connected, Electricity Connected, Public Sewer, Public Water
      • SubdivisionTown of Delray Beach / Downtown Delray Beach
      • Exterior FeaturesFruit Tree(s), Open Patio, Room for Pool
      • Exterior MaterialsFruit Tree(s), Open Patio, Room for Pool
      • Property SubtypeSingle Family Detached
      • RoofComposition
      • MLS #RX-11045418
      • MLS #RX-11045418
      • CountyPalm Beach
      • Property TypePurchase
      • Original List Price$450,000
      • CoolingCentral
      • HeatingCentral
      • Taxes Annual$6,700
      • Cost450000
      • ZoningR-1-A
      • Square Feet1340
      • Year Built1930
      • Bedrooms4
      • Bathrooms2
      • Full Baths2

Location

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© BEACHES MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: . Source: BMLS

Listing Courtesy
Listing Agent: Matan Morag (#276518167)
Listing Office: Regency Realty Services (#607162)

Colin GageEXP Realty, LLC
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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    © BEACHES MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

    © MichRIC. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.