Multifamily in Delray Beach, FL 33444

Ridgewood Heights, 1018 SW 7th Ave

A multi-family value-add opportunity with current gross rents of $3,900 per month, $46,800 annual. Opportunity to raise rents to market level! This property consists of 2 buildings on a double lot with 4 rentable units: 1018 - 2 Bed/1 Bath, 1020 - 1 Bed/ 1 Bath, 1022 - 2 Bed/1 Bath, and 1024 - 1 Bed/ 1 Bath in the Ridgewood Heights submarket of Delray Beach. All units currently occupied with month to month leases allowing an incoming owner to easily raise rents. Perfect for investors, this is an opportunity to own income producing Real Estate in one of the hottest and fast growing markets in South FL. Located in the heart of Delray Beach, just north of Linton, south of the bustling Atlantic Ave, just west of Swinton, east of I-95, and less than 2 miles to th to the beach, this investment opportunity is one-of-a-kind. Extra-large backyard w/ room for a pool. Being sold AS-IS. Showings only after an offer has been accepted; do not disturb Tenants.