About 706 Nw 1st St
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!
Features of 706 Nw 1st St
| MLS® # | RX-10948349 |
|---|---|
| Price | $450,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,340 |
| Acres | 0.15 |
| Year Built | 1930 |
| Type | Residential |
| Sub-Type | Single Family Detached |
| Status | Active Under Contract |
Community Information
| Address | 706 Nw 1st St |
|---|---|
| Area | 4460 |
| Subdivision | Town of Delray Beach / Downtown Delray Beach |
| Development | Town of Delray Beach / Downtown Delray Beach |
| City | Delray Beach |
| County | Palm Beach |
| State | FL |
| Zip Code | 33444 |
Amenities
| Amenities | Basketball, Bike - Jog, Cafe/Restaurant, Courtesy Bus, Library, Playground, Pool, Sidewalks, Street Lights, Tennis, Park, Ball Field, Soccer Field, Dog Park |
|---|---|
| Utilities | Cable, 3-Phase Electric, Public Sewer, Public Water |
| Parking | 2+ Spaces |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
| Pets Allowed | Yes |
| Private Pool | No |
Interior
| Interior Features | None |
|---|---|
| Appliances | Range - Electric, Refrigerator, Water Heater - Elec |
| Heating | Central |
| Cooling | Central, Wall-Win A/C |
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1.00 |
Exterior
| Exterior Features | Open Patio, Fruit Tree(s), Room for Pool |
|---|---|
| Roof | Comp Shingle |
| Construction | Frame, Frame/Stucco, Woodside |
Additional Information
| Zoning | R-1-A |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Membership Fee Required | No |
Listing Details
| Office | Regency Realty Services |
|---|