706 NW 1st Street

$469,900

Delray Beach, FL 33444

Property Details

Huge value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & cottage in rear is 1br/1ba. Great opportunity to own multiple properties at the same time just one block from E Atlantic Ave. Lease terms are both MTM. Rents are way below market! Great opportunity for Airbnb or high investment income in rapid up and coming downtown location. Lots of new residential and commercial construction nearby and coming soon. Front house has newer central air unit. Rear home has window a/c units. Newer exterior painted. Homes need updating. Tenant occupied, no interior photos. Rents way below market. Market rents for both units are around $4,400 to $4,500/month. Property is in an Opportunity Zone & located within the Delray Beach CRA district.

RX-10887871
May 7, 2023
50.0 ft x 135.0 ft
MONROE
None
1
2022
None
Last Updated: Jan 1, 2024
Central Air
Brokered By Regency Realty Services
Listed By Matan Morag

Directions

Atlantic Ave east of I-95. Go north on 7th Avenue and left on 1st Street.

Beaches MLS

This information is believed to be accurate, but without warranty.