821 SW 4th Avenue

Single Family Home

Active Under Contract

821 SW 4th Avenue

$650,000

821 SW 4th Avenue, Delray Beach, FL, 33444

Aerial 821-2
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LIST PRICE$650,000
BEDROOMS5
BATHROOMS4
HOUSE sq ft1,607
LOT sq ft16,030

Take a closer look

HOA: request current costs · Last reported tax: $6,197/yr

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Estimate monthly payment, including HOA and taxes

Monthly Payment

$4,297/mo

Principal & interest$3,456
Property taxfrom listing$516
Homeowners insuranceestimate$325

$130,000 down

Principal & interest is exact for these inputs. Tax and HOA come from the listing; rate, insurance are editable estimates. Not a loan offer.

Overview

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!

Property Details

$650,000
Property Type
Residential
Subtype
Single Family Residence
Year Built
1927
Status
Active Under Contract
MLS #
R11011227
Living Area
1,607 sq ft
$/Sq Ft (Living)
$404
Lot Size
16,030 sq ft
$/Sq Ft (Lot)
$41
Annual Taxes
$6,197
Parking Spaces
1
Days on Market
544

Building Amenities

Basketball CourtBike/Jog PathBoat DockCommunity PoolPoolPrivate PoolTennis Court(s)

Notable Features

Private PoolLarge Lot

Location Scores

Location

821 SW 4th Avenue, Delray Beach, FL, 33444