Delray Beach, FL 33444 821 SW 4th Avenue
$650,000
7 more
Presented By: Regency Realty Services
Home Details
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!
Presented By: Regency Realty Services
Interior Features for 821 SW 4th Avenue
Bathrooms
Total Baths
General for 821 SW 4th Avenue
Association AmenitiesBeachAccess
CityDelray Beach
Contingency3rd Party Approval
CountyPalm Beach
Current UseSingleFamily
Development StatusSitePlanFiled
DirectionsSouth Swinton Ave to SW 8 Ct, turn west, property on corner of SW 8 Ct and SW 4 Ave.
ElectricPhases3
Facing DirectionNorth
Legal DescriptionSUB OF SEC 20-46-43 E 140 FT OF W 165 FT OF S 114 FT OF W 1/4 OF LT 11
Lot Size Square Feet16030
MLS Area4460
PossessionCloseOfEscrow, Negotiable
Possible UseSingleFamily
PostalCityDelray Beach
Property Sub Type AdditionalUnimprovedLand
Property SubtypeUnimprovedLand
Property TypeLand
SewerPublicSewer
Standard StatusActiveUnderContract
StatusActiveUnderContract
Subdivision NameTown of Delray Beach / Downtown Delray Beach
Tax Annual Amount6197
Tax Year2023
UtilitiesCableAvailable, ElectricityAvailable, SewerAvailable, WaterAvailable
Virtual TourClick here
Exterior for 821 SW 4th Avenue
Lot Dimensions140' x 114'
Lot FeaturesCentralBusinessDistrict, CityLot, QuarterToHalfAcreLot
Lot Size Acres0.37
Road ResponsibilityPublicMaintainedRoad
VegetationGrassed, Other
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Hector Orlando Trelles
Realtor®
