South Florida
Downtown Delray, 821 SW 4th Ave, Delray Beach, FL 33444
650,000(-20.77% )
$515,000Price
0.37Acre
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Details
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Status:
Active
Size: 0.37 Acres (1,489 m2)
Price: $1,391,892/Acre ($346/m2)
Type: Land
MLS Number: R11011239
On Site: 357 Days
Updated: 0 Days ago
Page Views: 0
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
All features
- Approx SqFt Total Area: 16030
- Property SqFt: 16030
- Remarks: 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!
- REO: ShortSale
- Internet Remarks: 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!
- Waterfront: No info
- Days on Market: 350
- Compass Point: SW
- Office Name: Regency Realty Services
- Area: 16030
- Taxes: 6197
- Tax Year: 2023
- Listing Date: 2024-08-09T15:25:06.000-00:00
- Lot Size Square Feet: 16030
Price History
06/25/2025
Date
Price Reduced
Event
$515K
Price
-20.77%
Change Rate
$32 ft2 / $346 m2
Price Per
08/09/2024
Date
Listed
Event
$650K
Price
$41 ft2 / $436 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Matan Morag • Regency Realty Services • Buyer Agency Compensation .
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