1018 Sw 7th Av #1018, 1020, 1022, 1024, Delray Beach, FL

$620,000

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4

Beds

4

Baths

2,343

Square feet

0.31

Acres

About 1018 Sw 7th Av #1018, 1020, 1022, 1024

A multi-family value-add opportunity with current gross rents of $3,900 per month, $46,800 annual. 6% cap with current rents and opportunity to raise rents to market level!! This property consists of 2 buildings on a double lot with 4 rentable units: 1018 - 2 Bed/1 Bath, 1020 - 1 Bed/ 1 Bath, 1022 - 2 Bed/1 Bath, and 1024 - 1 Bed/ 1 Bath in the Ridgewood Heights submarket of Delray Beach. All units currently occupied with month to month leases allowing an incoming owner to easily raise rents. Perfect for investors, this is an opportunity to own income producing Real Estate in one of the hottest and fast growing markets in South FL. Located in the heart of Delray Beach, just north of Linton, south of the bustling Atlantic Ave, just west of Swinton, east of I-95, and less than 2 miles to thto the beach, this investment opportunity is one-of-a-kind. Extra-large backyard w/ room for a pool. Being sold AS-IS. Showings only after an offer has been accepted; do not disturb Tenants.

Features of 1018 Sw 7th Av #1018, 1020, 1022, 1024

MLS® # RX-10722958
Price $620,000
Bedrooms 4
Bathrooms 4.00
Full Baths 4
Square Footage 2,343
Acres 0.31
Year Built 1953
Type Multi-Unit
Sub-Type Quad Plex
Style No
Status New

Community Information

Address 1018 Sw 7th Av #1018, 1020, 1022, 1024
Area 4480
Subdivision RIDGEWOOD HEIGHTS
City Delray Beach
County Palm Beach
State FL
Zip Code 33444

Amenities

Utilities Cable, 3-Phase Electric, Public Sewer, Public Water
View Garden
Is Waterfront No
Waterfront None
Has Pool No
Private Pool No

Interior

Heating Window/Wall
Cooling Wall-Win A/C
# of Stories 1

Exterior

Exterior Features Shutters, Room for Pool
Lot Description 1/4 to 1/2 Acre
Roof Comp Shingle, Tar/Gravel
Construction CBS

Additional Information

Zoning R-1-A(
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBoca Expert Realty LLC

Listing Map

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