Homes for sale - 821 SW 4th AVE, Delray Beach, FL 33444

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Dennis Lue Yat

dennis@luxeiqgroup.com +1(561) 571-1425

Listed by Regency Realty Services

$515,000

Est. payment - /mo

0.37 Acres Lot

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Key Details

Property Type Single Family Home, Vacant Land

Sub Type Single Family Detached

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID RX-11011239

HOA Y/N No

Annual Tax Amount $6,197

Tax Year 2023

Lot Size 0.368 Acres

Property Sub-Type Single Family Detached

Property Description

APPROVED 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!

Location

Subdivision Town Of Delray Beach / Downtown Delray Beach

State FL

County Palm Beach

Community Town Of Delray Beach / Downtown Delray Beach

Area 4460

Zoning Res

Exterior

Utilities Available Cable, Electric, Municipal Sewer, Public Water

Exposure North

Building

Lot Description 1/4 to 1/2 Acre

Others

Acceptable Financing Cash, Conventional, Other

Horse Property No

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Virtual Tour https://www.propertypanorama.com/821-SW-4th-Avenue-Delray-Beach-FL-33444--RX-11011239/unbranded

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Dennis Lue Yat

+1(561) 571-1425

Broker | SL3301099

Broker SL3301099

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821 SW 4th AVE Delray Beach, FL 33444

Dennis Lue Yat

Key Details

Location

Exterior

Building

Others

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