Value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own multiple properties with one purchase just 1 block from E Atlantic Ave. Lease are both MTM. Rents are way below market! Front house rented at $1,550 & rear house at $950. Great opportunity to Airbnb or high rental income in rapid up coming downtown location. New residential & commercial construction nearby & coming soon. Front house has newer central air unit. Rear home has window a/c units. Newer exterior painted. Homes need updating. Tenant occupied, no interior photos. Rents way below market. Market rents if renovated for both units combined is ~$4,500/mo. Property is in Opportunity Zone & located within the Delray Beach CRA district!
Town of Delray Beach / Downtown Delray Beach
Town of Delray Beach / Downtown Delray Beach
3-Phase Electric, Cable, Public Sewer, Public Water
Fruit Tree(s), Open Patio, Room for Pool
Frame, Frame/Stucco, Woodside
Date | Details | Change | |
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Status Changed from Active Under Contract to Active | – | ||
Status Changed from Active to Active Under Contract | – | ||
Status Changed from Price Change to Active | – | ||
Price Reduced from $465,000 to $450,000 | |||
Status Changed from New to Price Change | – | ||
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Price Reduced from $469,000 to $465,000 |
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Listing information last updated on July 6th, 2024 at 7:30pm EDT.
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