Overview
Closing Costs Calculator- Status: Active Under Contract
- Parking No info
- Size: 1,340 ft2/124.49 m2
- Price Per: $335.82 ft2/$3,614.75 m2
- Type: Multifamily
- Built: 1930
- HOA: No info
- MLS Number: RX-10948388
- View No info
- On Site: 109 days
- Updated: 21 Days Ago
- Page Views: 1
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!
Contact AdvisorPrice History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 01/23/2024 | Price Reduced | $450,000.00 | 3.2% | $66.80 ft2/$718.98 m2 |
| 01/08/2024 | Listed | $465,000.00 | $69.02 ft2/$742.95 m2 |
Features
Property Details for 706 NW 1st, Delray Beach, FL 33444
Multifamily current status is Active Under Contract, 706 NW 1st is a Multifamily in , Delray Beach, FL 33444 with property MLS ID# RX-10948388.
This Multifamily has been listed on Best of Luxury Realty since January 09, 2024 and is currently priced at 450,000. This property was built in 1930.
- Bedrooms
- Bedrooms: No info
- Bedroom Description: No info
- Bathrooms
- Full Bathrooms: 0
- Half Bathrooms: No info
- Master Bathroom Description: No info
- Exterior and Lot Features
- Exterior Features: Fruit Tree(s), Open Patio, Room For Pool
- View: No info
- Interior, Heating and Cooling
- Interior Features: No info
- Appliances: No info
- Heating Description: Central
- Cooling Description: No info
- Building and Construction
- Floor Description: Ceramic Tile, Tile
- Windows/Treatment: No info
- Construction Type: Frame, Stucco, Woodside
- Year Built: 1930
- Waterfront and Water Access
- Waterfront Property: Yes
- Waterfront Frontage: No info
- Waterfront Description: None
- Water Access: No info
- Water Description: No info
- School Information
- Elementary School: No info
- Middle School: No info
- High School: No info
- Other Property Info
- Community Name: No info
- Subdivision Name: Town of Delray Beach / Downtown Delray Beach
- Property Type: Multifamily
- Property Subtype: Duplex
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 01/08/2024
- Restrictions: None
- Directions: Atlantic Ave east of I-95. Go north on 7th Avenue and left on 1st Street.
- Pets Allowed: No
- Area: 4460
- Brokered By: Regency Realty Services
- Taxes, Fees & More
- Maintenance/HOA Fees: No info
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $7,230.00 (2023)
Nearest Schools
Mortgage Calculator
Property Price:
$450,000.00
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Area Specialist
Buyer/Tenant EtiquetteAdbutler placeholder
Tracey Schmitt
Real Estate Advisor
Office: (305) 407-1657
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
This property is courtesy of the Regency Realty Services. This listing has been viewed 1 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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