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821 4th Avenue
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PRICED AT ONLY: $650,000

Address: 821 4th Avenue, Delray Beach, FL 33444

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!

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  • MLS#: R11011239 ( Land & Docks )
  • Street Address: 821 4th Avenue
  • Viewed: 87
  • Price: $650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 78

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!
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Features
Land Information
  • Lot Features: Home
Eco-Communities
  • Water Source: Public
Utilities
  • Electric: Three Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Finance and Tax Information
  • Tax Year: 2023
Other Features
  • Legal Description: SUB OF SEC 20-46-43 E 140 FT OF W 165 FT OF S 114 FT OF W 1/4 OF LT 11
  • Parcel Number: 12434620010110040
  • Views: 87
  • Zoning Code: Res
Nearby Subdivisions
Atlantic Pines   Del Ida Park In   Dell Park   Delray Resub Of Blk 72 And W P   Delray Town Of   Lake Eden Sub   Northridge In   Sundy & Tenbrook   Tourist Nook Delray   Town Of Delray   Town Of Delray Beach / Downtow  
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