Active
706 NW 1st Street 1-2
Delray Beach FL, 33444
$450,000
$335.82 per sqft
Active
1,340 sqft
Multi-family
Built in 1930
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.
R11045423
MLSⓇ ID
December 16, 2024
Listed
December 17, 2024
Updated
Map
706 NW 1st Street 1-2
Delray Beach FL, 33444
Interior Features
Total Stories
1
Floor Description
Carpet, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.15 Acres
Exterior Features
Fruit Trees, Patio, Room For Pool
Roof
Composition, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
4460
Taxes
$6,700
Tax Frequency
Annually
Days on Market
1
Association Fee Frequency
Monthly
Garage
No
View
Yes
View Description
Garden
County
Palm Beach
Water Source
Public
Pool
Yes
Pool Features
None
Listed by: Regency Realty Services
Listing Contact:
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Data last updated 1:18 PM UTC, 12/17/2024