About 706 Nw 1st St #1-2
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.
Features of 706 Nw 1st St #1-2
| MLS® # | RX-11045418 |
|---|---|
| Status | Closed |
| Sold Price | $402,500 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| A/C Square Footage | 1,340 |
| Total Square Footage | 1,372 |
| Acres | 0.15 |
| Year Built | 1930 |
| Sub-Type | Single Family Detached |
| Pets Allowed | Yes |
| Restrictions | None |
Community Information
| Address | 706 Nw 1st St #1-2 |
|---|---|
| Subdivision | Town of Delray Beach / Downtown Delray Beach |
| City | Delray Beach |
| County | Palm Beach |
| Zip Code | 33444 |
Amenities
| Amenities | Basketball, Bike - Jog, Cafe/Restaurant, Dog Park, Playground, Pool, Sidewalks, Soccer Field, Tennis, Library, Courtesy Bus, Street Lights, Park, Ball Field |
|---|---|
| Utilities | Cable, 3-Phase Electric, Public Sewer, Public Water |
| Parking | 2+ Spaces |
| Waterfront | None |
| Has Pool | No |
| Utilities | Cable, 3-Phase Electric, Public Sewer, Public Water |
Interior
| Interior Features | None |
|---|---|
| Appliances | Refrigerator, Range - Electric, Water Heater - Elec |
| Heating | Central |
| Cooling | Central, Wall-Win A/C |
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1.00 |
| Master Bed/Bath(s) | None |
Exterior
| Exterior Features | Room for Pool, Fruit Tree(s), Open Patio |
|---|---|
| Roof | Comp Shingle |
| Construction | Frame, Frame/Stucco, Woodside |
Additional Information
| Date Listed | December 16th, 2024 |
|---|---|
| Date Sold | January 30th, 2025 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Regency Realty Services |
|---|