About 821 Sw 4th Avenue
APPROVED 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® # | RX-11011239 |
|---|---|
| Price | $515,000 |
| Acres | 0.00 |
| Type | Land / Boat Docks |
| Sub-Type | Single Family Detached |
| Style | Yes |
| 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 |
Amenities
| Utilities | Electric, Public Water, Municipal Sewer, Cable, Trash Removal |
|---|---|
| Is Waterfront | No |
Exterior
| Lot Description | 1/4 to 1/2 Acre |
|---|
Additional Information
| Zoning | Res |
|---|---|
| Foreclosure | No |
| Short Sale | Yes |
| RE / Bank Owned | No |
Listing Details
| Office | Regency Realty Services |
|---|