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About This Home
This land at 821 SW 4th Avenue in Delray Beach, FL is listed for $650,000 (0.37 acres).
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!
Key Features
- 0.37 acre lot
Location
821 SW 4th Avenue
Delray Beach, FL 33444
Town of Delray Beach / Downtown Delray Beach
Questions & Answers
This 0-bedroom, 0-bathroom land at 821 SW 4th Avenue is listed at $650,000. The estimated monthly payment is $2,817 based on 20% down at 6.5% interest.
Key features include: 0.37 acre lot.
This property is listed by Matan Morag PA and can be reached at 5617060095 or mgrealtygroup@gmail.com.
