821 SW 4th Avenue, Delray Beach, FL 33444, Delray Beach, 33444. MLS #R11011227
Property details
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!
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