706 NW 1st Street #1-2
Delray Beach, FL 33444
1340 sqft | 4 beds | 2 baths | #RX-11045418
Description
Handyman Special! Downtown Delray Beach consisting of two separately metered homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own two single-family homes on one property just 1 block from East Atlantic Ave. Both tenants are MTM. Rents are well below market! Front house rented at $1,550 and rear house rented at $950. Great opportunity for high rental income in rapidly growing downtown location. Also great short-term rental potential. New construction all around. Front house has newer central HVAC unit. Rear home has window a/c units. Homes needs updating. Tenant occupied. Market rents if both units rehabbed combined is ~$4,500+ per month. Property is located in an Opportunity Zone & within the Delray Beach CRA district.
Property Details
- Utility FeaturesCable Connected, Electricity Connected, Public Sewer, Public Water
- SubdivisionTown of Delray Beach / Downtown Delray Beach
- Exterior FeaturesFruit Tree(s), Open Patio, Room for Pool
- Exterior MaterialsFruit Tree(s), Open Patio, Room for Pool
- Property SubtypeSingle Family Detached
- RoofComposition
- MLS #RX-11045418
- MLS #RX-11045418
- CountyPalm Beach
- Property TypePurchase
- Original List Price$450,000
- CoolingCentral
- HeatingCentral
- Taxes Annual$6,700
- Cost450000
- ZoningR-1-A
- Square Feet1340
- Year Built1930
- Bedrooms4
- Bathrooms2
- Full Baths2
Location
Legal
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Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Matan Morag (#276518167)
Listing Office: Regency Realty Services (#607162)
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