About 821 Sw 4th Av
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!
Features of 821 Sw 4th Av
| MLS® # | RX-11011227 |
|---|---|
| Price | $515,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 1,607 |
| Acres | 0.37 |
| Year Built | 1927 |
| Type | Residential |
| Sub-Type | Single Family Detached |
| Style | Ranch |
| Status | Active Under Contract |
Community Information
| Address | 821 Sw 4th Av |
|---|---|
| Area | 4460 |
| Subdivision | Town of Delray Beach / Downtown Delray Beach |
| City | Delray Beach |
| County | Palm Beach |
| State | FL |
| Zip Code | 33444 |
Amenities
| Amenities | Pool, Boating, Tennis, Bike - Jog, Basketball, Sidewalks, None, Cafe/Restaurant, Park, Playground, Ball Field, Soccer Field, Dog Park |
|---|---|
| Utilities | 3-Phase Electric, Public Water, Public Sewer |
| Parking | 2+ Spaces, Driveway, Open |
| # of Garages | 1 |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior Features | Split Bedroom, Entry Lvl Lvng Area |
|---|---|
| Appliances | Refrigerator, Range - Electric, Water Heater - Elec |
| Heating | Central |
| Cooling | Electric, Central |
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1.00 |
Exterior
| Exterior Features | Open Patio |
|---|---|
| Lot Description | 1/4 to 1/2 Acre, Corner Lot |
| Windows | Blinds |
| Construction | Other |
Additional Information
| Zoning | Res |
|---|---|
| Foreclosure | No |
| Short Sale | Yes |
| RE / Bank Owned | No |
Listing Details
| Office | Regency Realty Services |
|---|