706 Nw 1st St, Delray Beach, FL

$450,000

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4

Beds

2

Baths

1,340

Square feet

0.15

Acres

About 706 Nw 1st St

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!

Features of 706 Nw 1st St

MLS® # RX-10948349
Price $450,000
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 1,340
Acres 0.15
Year Built 1930
Type Residential
Sub-Type Single Family Detached
Status Active Under Contract
Pets Allowed Yes
Restrictions None

Community Information

Address 706 Nw 1st St
Area 4460
Subdivision Town of Delray Beach / Downtown Delray Beach
City Delray Beach
County Palm Beach
State FL
Zip Code 33444

Amenities

Amenities Ball Field, Basketball, Bike - Jog, Cafe/Restaurant, Courtesy Bus, Dog Park, Library, Park, Playground, Pool, Sidewalks, Soccer Field, Street Lights, Tennis
Utilities Cable, 3-Phase Electric, Public Sewer, Public Water
Parking 2+ Spaces
Is Waterfront No
Waterfront None
Has Pool No

Interior

Interior Features None
Appliances Range - Electric, Refrigerator, 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 Fruit Tree(s), Open Patio, Room for Pool
Roof Comp Shingle
Construction Frame, Frame/Stucco, Woodside

Additional Information

Date Listed January 9th, 2024
Zoning R-1-A
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRegency Realty Services

Listing Map

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