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David Cohen

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

$650,000

Est. payment - /mo

5 Beds

4 Baths

1,607 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,607 sqft

Price per Sqft $404

Subdivision Town Of Delray Beach / Downtown Delray Beach

MLS Listing ID R11011227

Style Ranch

Bedrooms 5

Full Baths 4

Construction Status Resale

HOA Y/N No

Year Built 1927

Annual Tax Amount $6,197

Tax Year 2023

Contingent 3rd Party Approval

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Single Family Residence

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

Community Boat Facilities

Area 4460

Direction South Swinton Ave to SW 8 Ct, turn west, property on corner of SW 8 Ct and SW 4 Ave.

Rooms

Main Level Bedrooms 5

Interior

Interior Features None, Split Bedrooms, Storage

Heating Central

Cooling Central Air, Electric

Flooring Parquet

Furnishings Unfurnished

Fireplace No

Window Features Blinds

Appliance Electric Range, Electric Water Heater, Refrigerator, Water Heater

Exterior

Exterior Feature Outdoor Living Area

Parking Features Garage, Open

Garage Spaces 1.0

Pool Association

Community Features Boat Facilities

Utilities Available Sewer Available, Water Available

Amenities Available Basketball Court, Boating, Dog Park, None, Playground, Park, Pool, Restaurant, Sports Fields, Sidewalks, Tennis Court(s), Trail(s)

Waterfront Description None

Water Access Desc Public

Porch Patio

Garage Yes

Private Pool No

Building

Lot Description Corner Lot, 1/4 to 1/2 Acre Lot

Faces North

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Resale

Others

Pets Allowed Yes

Senior Community No

Tax ID 12434620010110040

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Short Sale

Pets Allowed No Pet Restrictions, Yes

Virtual Tour https://www.propertypanorama.com/821-SW-4th-Avenue-Delray-Beach-FL-33444--RX-11011227/unbranded

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Listed by Matan Morag PA Regency Realty Services

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David Cohen

REALTOR® Associate License ID: SL3237271

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

821 SW 4th AVE Delray Beach, FL 33444

David Cohen

Key Details

Location

Rooms

Interior

Exterior

Building

Others

821 SW 4th AVE

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