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-10948388 |
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Price | $450,000 |
Bedrooms | 4 |
Bathrooms | 2.00 |
Full Baths | 2 |
Square Footage | 1,372 |
Acres | 0.15 |
Year Built | 1930 |
Type | Multi-Unit |
Sub-Type | Duplex |
Style | No |
Status | Active Under Contract |
Community Information
Address | 706 Nw 1st St |
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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
Utilities | Cable, 3-Phase Electric, Public Sewer, Public Water |
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View | Garden |
Is Waterfront | No |
Waterfront | None |
Has Pool | No |
Private Pool | No |
Interior
Heating | Central |
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Cooling | Central, Wall-Win A/C |
# of Stories | 1 |
Exterior
Exterior Features | Fruit Tree(s), Open Patio, Room for Pool |
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Lot Description | Sidewalks |
Roof | Comp Shingle |
Construction | Frame, Frame/Stucco, Woodside |
Additional Information
Zoning | R-1-A |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Regency Realty Services |
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