706 NW 1st Street

$450,000

Delray Beach, FL 33444

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!
RX-10948349
Jan 8, 2024
50.0 ft x 135.0 ft
Town of Delray Beach / Downtown Delray Beach
None
1
2023
None
94 years
1930
Last Updated: Apr 5, 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.