$655,000
$700,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
2,016 SqFt
SOLD DATE : 04/28/2025
Key Details
Sold Price $655,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $324
Subdivision Nichols 1St Add To Delray
MLS Listing ID F10488304
Sold Date 04/28/25
Construction Status Resale
HOA Y/N No
Year Built 1956
Annual Tax Amount $8,073
Tax Year 2024
Contingent Inspection
Lot Dimensions 9835 sqft
Property Sub-Type Duplex
Property Description
Prime investment opportunity just 5 blocks south of the famous Atlantic Ave in Delray Beach! This nearly fully remodeled duplex features a 2BR/1BA unit rented at $2,800/month and a vacant 4BR/2BA unit with a $4,000-$4,500 rental potential, offering strong cash flow. Property highlights include separate meters, new AC, impact windows, and modern upgrades throughout. Live in one unit and rent the other or lease both for maximum returns. Appraised As-Is at $745K and selling at a 7.9% CAP RATE, this deal won't last! Perfect for investors or house-hackers looking for prime location and income potential. Don't miss out on this rare find in Delray Beach!
Location
State FL
County Palm Beach
Area 4370
Direction Take W Atlantic Blvd exit heading east from I95. Make a right heading south on SW 4th Ave. Make a left heading east on SW 7th St. Building on your right.
Interior
Heating Central, Separate Meters
Cooling Central Air, Ceiling Fan(s)
Flooring Tile
Fireplace No
Window Features Impact Glass
Exterior
Exterior Feature Balcony
Utilities Available Cable Available
Roof Type Composition,Shingle
Porch Porch, Balcony
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
New Construction No
Construction Status Resale
Others
Pets Allowed No
HOA Fee Include Sewer,Trash,Water
Tax ID 12434620070000100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Emanuel Fleurantin Woyce Realty Investments & Consulting Inc.
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