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- Price$450,000
- Beds4
- Baths2
- Sq. Ft.1,340
- Acres0.15
- Built1930
706 Nw 1st Street, Delray Beach
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!
Essential Information
- MLS® #RX-10948349
- Price$450,000
- Bedrooms4
- Bathrooms2.00
- Full Baths2
- Square Footage1,340
- Acres0.15
- Year Built1930
- TypeResidential
- Sub-TypeSingle Family Homes
- StatusActive Under Contract
Amenities
- AmenitiesBasketball, Bike - Jog, Cafe/Restaurant, Courtesy Bus, Library, Playground, Pool, Sidewalks, Street Lights, Tennis, Park, Ball Field, Soccer Field, Dog Park
- UtilitiesCable, 3-Phase Electric, Public Sewer, Public Water
- Parking2+ Spaces
- WaterfrontNone
Exterior
- Exterior FeaturesOpen Patio, Fruit Tree(s), Room for Pool
- RoofComp Shingle
- ConstructionFrame, Frame/Stucco, Woodside
Listing Details
- Listing OfficeRegency Realty Services
Community Information
- Address706 Nw 1st Street
- Area4460
- SubdivisionTown of Delray Beach / Downtown Delray Beach
- CityDelray Beach
- CountyPalm Beach
- StateFL
- Zip Code33444
Interior
- Interior FeaturesNone
- AppliancesRange - Electric, Refrigerator, Water Heater - Elec
- HeatingCentral
- CoolingCentral, Wall-Win A/C
- # of Stories1
- Stories1.00
Additional Information
- Date ListedJanuary 9th, 2024
- Days on Market120
- ZoningR-1-A
- HOA Fees0.00
Price Change History for 706 Nw 1st Street, Delray Beach, FL (MLS® #RX-10948349)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract | – | – | |
| Active | – | – | |
| Price Reduced | $450,000 | $15,000 (3.23%) | |
| Price Change (from New) | – | – | |
| Price Reduced (from $469,000) | $465,000 | $4,000 (0.85%) |
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2024 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2024 Beaches Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on May 8th, 2024 at 3:07pm EDT.