706 Nw 1st St, Delray Beach, FL 33444

 -  $450,000

MLS® # RX-10948349

  • 4 Bedrooms
  • 2 Bathrooms
  • 1,340 SQ. Feet
  • 1930 Year Built

Value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own multiple properties with one purchase just 1 block from E Atlantic Ave. Lease are both MTM. Rents are way below market! Front house rented at $1,550 & rear house at $950. Great opportunity to Airbnb or high rental income in rapid up coming downtown location. New residential & commercial construction nearby & coming soon. Front house has newer central air unit. Rear home has window a/c units. Newer exterior painted. Homes need updating. Tenant occupied, no interior photos. Rents way below market. Market rents if renovated for both units combined is ~$4,500/mo. Property is in Opportunity Zone & located within the Delray Beach CRA district!

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Property

Location

  • NeighborhoodTown of Delray Beach / Downtown Delray Beach
  • Address706 Nw 1st St
  • CityDelray Beach
  • StateFL

Size And Restrictions

  • Acres0.15
  • RestrictionsNone

Taxes

  • Tax Amount$7,230
  • Tax Year2023

Improvements

  • Property SubtypeSingle Family Detached
  • FenceNo
  • SprinklerNo

Utilities

  • UtilitiesCable, 3-Phase Electric, Public Sewer, Public Water

Market

Interior

Bedrooms And Bathrooms

  • Bedrooms4
  • Bathrooms2.00
  • Master Bedroom On MainNo
  • Master Bedroom DescriptionNone
  • Master Bedroom Dimensions1 x 1

Other Rooms

  • Kitchen Dimensions1 x 1
  • Living Room Dimensions1 x 1

Heating And Cooling

  • HeatingCentral
  • Air ConditioningCentral, Wall-Win A/C

Interior Features

  • AppliancesRange - Electric, Refrigerator, Water Heater - Elec
  • FeaturesNone

Building

Building Information

  • Year Built1930
  • # Of Stories1
  • ConstructionFrame, Frame/Stucco, Woodside
  • RoofComp Shingle

Energy Efficiency

  • Building FacesNorth

Property Features

  • Exterior FeaturesOpen Patio, Fruit Tree(s), Room for Pool

Garage And Parking

  • Garage2+ Spaces

Community

Home Owners Association

  • HOA Membership (Monthly)None

Amenities

  • Area AmenitiesBasketball, Bike - Jog, Cafe/Restaurant, Courtesy Bus, Library, Playground, Pool, Sidewalks, Street Lights, Tennis, Park, Ball Field, Soccer Field, Dog Park

Info

  • OfficeRegency Realty Services

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Listing information last updated on May 3rd, 2024 at 3:46pm EDT.