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118 SW 7th St, Delray Beach, FL 33444

700,000(-6.43% )

$655,000

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2,016SqFt

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Details

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Status:

Sold - Apr 28, 2025

Size: 2,016 SqFt (187 m²)

Price: $325/SqFt ($3,497/m²)

Type: Multi Family

Built: 1956

MLS Number: F10488304

On Site: 206 Days

Updated: 140 Days ago

Page Views: 0

Prime investment opportunity just 5 blocks south of the famous atlantic ave in delray beach! This nearly fully remodeled duplex features a 2br/1ba unit rented at $2,800/month and a vacant 4br/2ba unit with a $4,000-$4,500 rental potential, offering strong cash flow. Property highlights include separate meters, new ac, impact windows, and modern upgrades throughout. Live in one unit and rent the other or lease both for maximum returns. Appraised as-is at $745k and selling at a 7.9% cap rate, this deal won’t last! Perfect for investors or house-hackers looking for prime location and income potential. Don't miss out on this rare find in delray beach!

Features

Bedrooms

Bathrooms

Exterior and Lot Features

Interior, Heating and Cooling

Heating Description: Central
Cooling Description: CentralAir, CeilingFans

Building and Construction

Floor Description: Tile
Windows/Treatment: ImpactGlass
Year Built: 1956
Year Built Description: Resale

Waterfront and Water Access

Waterfront Frontage: No info

School Information

Other Property Info

Listing Date: 2025-02-21T21:33:22.000-00:00

Taxes, Fees & More

Taxes: 8073
Total Units in Building: 2

Price History

04/28/2025

Date

Sold

Event

$655K

Price

-6.43%

Change Rate

$325 ft² / $3,497 m²

Price Per

02/21/2025

Date

Listed

Event

$700K

Price

$347 ft² / $3,738 m²

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by David Schwartzberg • Southwestern Real Estate • Buyer Agency Compensation .

Instant Comps

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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