Bought with Regency Realty Services
$402,500
$450,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
706 NW 1st ST 1-2 Delray Beach, FL 33444
4 Beds
2 Baths
1,340 SqFt
Key Details
Sold Price $402,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,340 sqft
Price per Sqft $300
Subdivision Town Of Delray Beach / Downtown Delray Beach
MLS Listing ID RX-11045423
Sold Date 01/30/25
Bedrooms 4
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1930
Annual Tax Amount $6,700
Tax Year 2024
Lot Size 6,737 Sqft
Property 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.
Location
State FL
County Palm Beach
Community Town Of Delray Beach / Downtown Delray Beach
Area 4460
Zoning R-1-A
Interior
Heating Central
Cooling Central, Wall-Win A/C
Flooring Carpet, Tile
Exterior
Exterior Feature Fruit Tree(s), Open Patio, Room for Pool
Utilities Available Cable, Electric, Public Sewer, Public Water
Amenities Available Basketball, Bike - Jog, Cafe/Restaurant, Library, Park, Pool, Tennis
Waterfront Description None
View Garden
Roof Type Comp Shingle
Private Pool No
Building
Lot Description Sidewalks
Story 1.0
Foundation Frame, Stucco, Woodside
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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