Closed

Monroe, 706 NW 1st St #1-2, Delray Beach, FL 33444

450,000(-10.56% )
1,340SqFt

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Details

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Status:
Sold - Jan 30, 2025
Size: 1,340 SqFt (124 m2)
Price: $300/SqFt ($3,233/m2)
Type: Multi Family
Built: 1930
HOA: N/A
MLS Number: R11045423
View: Garden
On Site: 237 Days
Updated: 191 Days ago
Page Views: 0
Handyman special! Downtown delray beach consisting of two separately metered homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own two single-family homes on one property just 1 block from east atlantic ave. Both tenants are mtm. Rents are well below market! Front house rented at $1,550 and rear house rented at $950. Great opportunity for high rental income in rapidly growing downtown location. Also great short-term rental potential. New construction all around. Front house has newer central hvac unit. Rear home has window a/c units. Homes needs updating. Tenant occupied. Market rents if both units rehabbed combined is ~$4,500+ per month. Property is located in an opportunity zone & within the delray beach cra district.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: FruitTrees, Patio, RoomForPool
      • View: Garden
      Interior, Heating and Cooling
      • Heating Description: Central
      • Cooling Description: CentralAir, WallWindowUnits
      Building and Construction
      • Floor Description: Carpet,Tile
      • Year Built: 1930
      • Year Built Description: Resale
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2024-12-16T16:26:24.000-00:00
        Taxes, Fees & More
        • Taxes: 6700
        • Total Units in Building: 2

        Price History

        01/30/2025

        Date

        Sold

        Event

        $402.5K

        Price

        -10.56%

        Change Rate

        $300 ft2 / $3,233 m2

        Price Per

        12/16/2024

        Date

        Listed

        Event

        $450K

        Price

        $336 ft2 / $3,615 m2

        Price Per

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

        Listed by Matan MoragRegency Realty Services • Buyer Agency Compensation .

        Instant Comps

        $200/ft²
        $200/ft²
        $300/ft²
        $500/ft²

        Unit #1-2 – Asking

        $300/ft²

        (+0%) from Closed Medium $/ft²

        Closed Medium $/ft²

        $300/ft²
        Community $/Price Range (Closed) $300/ft² – $300/ft²
        No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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