multifamily
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706 NW 1st Street
RX-10948388
Jan 8, 2024
50.0 ft x 135.0 ft
Town of Delray Beach / Downtown Delray Beach
None
1
2023
None
Central Air
Brokered By Regency Realty Services
Listed By Matan Morag
Listed By Matan Morag
Branch MLS ID/ID: 607162/320902
Agent MLS ID/ID: 276518167/1147922
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.
Property Details
Value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own multiple properties with one purchase just 1 block from E Atlantic Ave. Lease are both MTM. Rents are way below market! Front house rented at $1,550 & rear house at $950. Great opportunity to Airbnb or high rental income in rapid up coming downtown location. New residential & commercial construction nearby & 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 if renovated for both units combined is ~$4,500/mo. Property is in Opportunity Zone & located within the Delray Beach CRA district!