About 821 Sw 4th Avenue
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!
Features of 821 Sw 4th Avenue
| MLS® # | R11011227 |
|---|---|
| Price | $650,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 1,607 |
| Acres | 0.37 |
| Year Built | 1927 |
| Type | Residential |
| Sub-Type | Single Family Homes |
| Style | Ranch |
| Status | Active Under Contract |
Community Information
| Address | 821 Sw 4th Avenue |
|---|---|
| Area | 4460 |
| Subdivision | Town of Delray Beach / Downtown Delray Beach |
| City | Delray Beach |
| County | Palm Beach |
| State | FL |
| Zip Code | 33444 |
| HOPA | No Hopa |
Amenities
| Amenities | Boating, Basketball Court, Dog Park, Jogging Path, None, Park, Playground, Pool, Tennis Court(s), Baseball/Softball Field, Cafe/Restaurant, Sidewalks, Soccer Field |
|---|---|
| Utilities | Sewer Available, Water Available |
| Parking | Open, Garage |
| # of Garages | 1 |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
| Subdivision | Boating, Basketball Court, Dog Park, Jogging Path, None, Park, Playground, Pool, Tennis Court(s), Baseball/Softball Field, Cafe/Restaurant, Sidewalks, Soccer Field |
| Boat Services | Ramp |
Interior
| Interior Features | Bedroom Layout - Split, Storage |
|---|---|
| Appliances | Electric Water Heater, Electric Range, Refrigerator, Water Heater |
| Heating | Central |
| Cooling | Central Air, Electric |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Windows | Blinds |
| Construction | Other |
Additional Information
| Zoning | Res |
|---|---|
| Foreclosure | No |
| Short Sale | Yes |
| RE / Bank Owned | No |
Listing Details
| Office | Regency Realty Services |
|---|