706 NW 1st Delray Beach, FL 33444
Overview
- Status: Active Under Contract
- Bed(s) No info
- Bath(s) 0
- Half Bath(s) 0
- Parking No info
- Size: 6,737 ft2/625.89 m2
- Price Per: $66.80 ft2/$718.98 m2
- Type: Multifamily
- Built: 1930
- HOA: No info
- MLS Number: RX-10948388
- View No info
- On Site: 122 days
- Updated: Listing Refreshed: 34 Days Ago
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!
Price 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 |
Contact Information
This property is courtesy of the Regency Realty Services. 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.