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821 SW 4th Ave

Delray Beach FL 33444

5
4
1
1871 sq. ft.
16030 sq. ft.
Single-Family
Currently for sale - view listing

Overview

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

5 bedrooms
4 bathrooms
1 carspace
1 garage space
1871 sq. ft. floor area
16030 sq. ft. lot size
Single-Family

Property history for 821 SW 4th Ave

2020
Sold
$170,000
21 Sep 2020 by Pearl Markfield, of Berkshire Hathaway HomeServices Florida Realty (Delray Beach, 33483)
2001
Sold
$67,000
23 Jul 2001 by Matan Morag PA, of REGENCY REALTY SERVICES

Happy sellers in Delray Beach

<50%
Less than 50% of sellers in Delray Beach reported that their sale price either exceeded or met their price expectations.

Delray Beach stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Delray Beach over the last 12 months.

Local market activity for 5 bedroom single-family properties in Delray Beach

In the last 12 months, 22 five-bedroom single-family properties similar to 821 SW 4th Ave, have been sold.

This represents a 10% decrease in five-bedroom single-family properties sales when compared to the previous 12 months.

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