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MLS:RX-11045418

706 1st, Unit 1-2, Delray Beach, FL 33444

Priced at: $450,000
Bedrooms:
4
Bathrooms (Full):
2
Bathrooms (Half):
0
Living Area SqFt:
1,340 Sq Ft
Lot SqFt:
6,737 Sq Ft
Year Built:
1930
Handyman Special! Downtown Delray Beach consisting of two separately metered homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own two single-family homes on one property just 1 block from East Atlantic Ave. Both tenants are MTM. Rents are well below market! Front house rented at $1,550 and rear house rented at $950. Great opportunity for high rental income in rapidly growing downtown location. Also great short-term rental potential. New construction all around. Front house has newer central HVAC unit. Rear home has window a/c units. Homes needs updating. Tenant occupied. Market rents if both units rehabbed combined is ~$4,500+ per month. Property is located in an Opportunity Zone & within the Delray Beach CRA district.

Fees

Tax Year:
2024
Tax Amount:
$6,700

Features

Exterior Features:
  • Fruit Tree(s)
  • Open Patio
  • Room for Pool
Interior Features:
  • None
Equipment/ Appliances:
  • Range - Electric
  • Refrigerator
  • Water Heater - Elec
Parking:
  • 2+ Spaces

Property Inquiry

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MLS: RX-11045418
706 1st, Unit 1-2, Delray Beach, FL 33444
Price: $450,000
Listing courtesy of Regency Realty Services

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"Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification."

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. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

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