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David Cohen

davidcohenrealty@gmail.com +1(305) 733-2218

$ 650,000

Est. payment | -/mo

0.37 Acres Lot

Save Virtual Tour

$ 650,000

Est. payment | -/mo

Save Virtual Tour

0.37 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Town Of Delray Beach / Downtown Delray Beach

MLS Listing ID R11011239

HOA Y/N No

Annual Tax Amount $6,197

Tax Year 2023

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Unimproved Land

Property Description

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

Area 4460

Zoning Res

Direction North

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

Amenities Available Beach Access

Water Access Desc Public

Present Use Single Family

Building

Lot Description Central Business District, City Lot, 1/4 to 1/2 Acre Lot

Faces North

Sewer Public Sewer

Water Public

Others

Tax ID 12434620010110040

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Short Sale

Virtual Tour https://www.propertypanorama.com/821-SW-4th-Avenue-Delray-Beach-FL-33444--RX-11011239/unbranded

Listed by Matan Morag PA Regency Realty Services

Schools and Properties Nearby

821 SW 4th AVE Delray Beach, FL 33444