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706 NW 1st Street

Delray Beach, FL 33444
  • $524,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: RX-10887867
UPDATED: 53 min ago
$524,000
  • 4
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,340
    SQFT
  • $391
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1930
County:
Area:

School Ratings & Info

Description

Downtown Delray Beach property consisting of two homes! Both homes rented to the same tenants for over a decade. Front house is a 3-br/1-ba and cottage in rear is a 1-br/1-ba. Great opportunity to own multiple properties at the same time just one block off of Atlantic Ave. Both homes have great tenants willing to stay. Lease terms are both MTM. Rents are way below market! Great opportunity for investment income in up and coming downtown location. Lots of new residential and commercial construction nearby and coming soon. Front house has newer central air unit. Rear home has window a/c units. Newer exterior painted. New kitchen flooring in rear home. Tenant occupied so no interior photos. Rents below market. Property is in an Opportunity Zone & located within the Delray Beach CRA district!

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www.keriannworley.com/homes/139316466
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706 NW 1st Street Delray Beach, FL 33444

  • Price: $524,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 53 min ago
  • ID#: RX-10887867
4
Beds
2
Baths
0
½ Baths
0.15
Acres
1,340
SQFT
$391
$/SQFT
1930
Built
Neighborhood:
Monroe
County:
Palm Beach
Area:
Delray Beach
Property Description
Downtown Delray Beach property consisting of two homes! Both homes rented to the same tenants for over a decade. Front house is a 3-br/1-ba and cottage in rear is a 1-br/1-ba. Great opportunity to own multiple properties at the same time just one block off of Atlantic Ave. Both homes have great tenants willing to stay. Lease terms are both MTM. Rents are way below market! Great opportunity for investment income in up and coming downtown location. Lots of new residential and commercial construction nearby and coming soon. Front house has newer central air unit. Rear home has window a/c units. Newer exterior painted. New kitchen flooring in rear home. Tenant occupied so no interior photos. Rents below market. Property is in an Opportunity Zone & located within the Delray Beach CRA district!
Exterior Features

Construction FrameStuccoWoodside Exterior Features Fruit Tree(S)Open PatioRoom For Pool Front Exposure North Lot Dimensions 50.0 Ft X 135.0 Ft Parking 2+ Spaces Private Pool YN No Roof Comp Shingle Storm Protection None Waterfront Description None Waterfront YN No

Interior Features

Baths Total 2.00 Cooling CentralWall-Win A/C Equipment Appliances Included Range - ElectricRefrigeratorWater Heater - Elec Flooring Ceramic TileTile Furnished Unfurnished Heating Central Interior Features None Master Bedroom Bath None Rooms None

Property Features

Auction No Built Desc Resale Development Name Downtown Delray Beach Gated Community No Governing Bodies None Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Membership Equity YN No Pets Allowed Yes Possession At ClosingFunding REO No Restrictions None Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Sq Ft Total 1372.00 Subdivision Amenities Ball FieldBasketballBike - JogCafe/RestaurantCourtesy BusDog ParkLibraryParkPlaygroundPoolSidewalksSoccer FieldStreet LightsTennis Tax Amount 4013.08 Tax Year 2022 Taxes City/County Terms Considered CashConventional Utilities CableElectricPublic SewerPublic Water Zoning R-1-A

Listing provided courtesy of Regency Realty Services: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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Keriann Worley, Broker Associate at Douglas Elliman Real Estate
444 East Palmetto Park Rd
Boca Raton FL, 33432