Town of Delray Beach / Downtown Delray Beach - 821 SW 4th Avenue , Delray Beach - RX-11011227(Status : Active) - $ 515,000

Bedrooms: 5
Bathrooms: 4 full  4 half
Living Area: 1,607 SqFt
Year Built: 1927
Waterfront: No
Water Type: None
Pool: No
Front: North
Pets: Yes
Govern: None
Development:Town of Delray Beach / Downtown Delray Beach
Address:821 SW 4th Avenue , Delray Beach FL 33444

Room Measurements

Primary Bedroom: 1 x 1
Living Room: 1 x 1
Kitchen: 1 x 1

Comments:

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!

Property Features:

Waterfront Desc:
None
AC:
Central, Electric
Rooms:
Storage
Appliance:
Range - Electric, Refrigerator, Water Heater - Elec
Utilities:
Electric, Public Sewer, Public Water
Interior:
Entry Lvl Lvng Area, Split Bedroom
Exterior:
Open Patio
Parking:
2+ Spaces, Driveway, Open
Amenities:
Ball Field, Basketball, Bike - Jog, Boating, Cafe/Restaurant, Dog Park, None, Park, Playground, Pool, Sidewalks, Soccer Field, Tennis
Restriction:
None
HOPA (55+):
No Hopa
Furnished:
Unfurnished
Subdivision:
Town of Delray Beach / Downtown Delray Beach
Lot Description:
1/4 to 1/2 Acre,Corner Lot
Construction:
Other
Taxes:
$6,197.00 (Property will be reassessed upon sale)
Negotiable Seller Consession:
If you are interested in this property Call Jeffrey at (561) 496-2000, RE/MAX Direct
Listing courtesy of Regency Realty Services
This information is not verified for authenticity or accuracy and is not guaranteed. 07/03/2025