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706 1st, Delray Beach, FL 33444

House For Sale
$450,000

BTC: 4.45588672

ETH: 112.07970112

1 days
4 bds
2 ba
1,340 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Facts and features

Type:
Residential
Parking:
2+ Spaces
Year Built:
1930
Lot:
6737 Square Feet
Heating:
Central
Price/sqft:
$336
Cooling:
Central / Wall-Win A/C
HOA:
No Data
All facts and features
  • Flooring

    • Ceramic Tile

    • Tile

    Heating

    • Central

    Cooling

    • Central

    • Wall-Win A/C

    Appliances

    • Range - Electric

    • Refrigerator

    • Water Heater - Elec

    Other interior features

    • None

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 2

  • Parking

    • 2+ Spaces

    Property

    • Exterior Features: Fruit Tree(s) / Open Patio / Room for Pool

    Lot

    • Lot: 6737 Square Feet

    Other Property Information

    • Parcel Number: 12434617010040210

    • Zoning: R-1-A

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable

    • Electric

    • Public Sewer

    • Public Water

  • Other financial information

    • Annual tax amount: $6,700

  • Source details

    • MLS ID: RX-11045418

    Other facts

    • Construction Materials: Frame / Stucco / Woodside

    • Direction Faces: Atlantic Ave east of I-95. Go north on 7th Avenue and left on 1st Street.

    • Living Area: 1340

    • Lot Size Dimensions: 50.0 ft x 135.0 ft

    • Subdivision Name: Town of Delray Beach / Downtown Delray Beach

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Beaches MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Regency Realty Services