House in Town of Delray Beach for Sale

821 4th Avenue, Delray Beach, FL

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APPROVED SHORT-SALE! PROFORMA 10-11% CAP RATE! Downtown Delray builder special! 16,030sf CORNER LOT (140ftx114ft). Great opportunity! New construction around! Existing singe-family home situated on enormous lot and features main house with 3br/2ba, garage and two additional efficiency/studio units. Potential options: 1) Redevelopment opportunity: build 1 or 2 homes; each house could have large 8,000sf+/- lots 2) Add/build ADU, 3) Combine house into large interior space to create one large home 4) Rehab & maintain same floor plan then rent out all 3 spaces; PROFORMA 10-11% CAP RATE! Excellent location near Swinton Ave; ~1 mile to the beach. Spacious yard. Walk to Swinton/Atlantic Ave, downtown! No HOA! Short-term rental potential! Located in Opportunity Zone and Delray Beach CRA District!

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Property Address

 821 4th Avenue, Delray Beach, FL

Property Features



5 Bedrooms



4 Bathrooms



1 Garage Spaces



1,607 sqft / 149 M² Living Area

16,030 sqft / 1,489 M² Lot Area



Swimming pool



Appliances



Pets Allowed

Internal Features

Split Bedrooms

Equipment & Appliances

Electric Range
Electric Water Heater
Refrigerator

External Features

Patio

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Town of Delray Beach

House for Sale $515,000