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  • 821 SW 4th AVE, Delray Beach, FL 33444
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    821 SW 4th AVE, Delray Beach, FL 33444
    821 SW 4th AVE, Delray Beach, FL 33444
    821 SW 4th AVE, Delray Beach, FL 33444
    821 SW 4th AVE, Delray Beach, FL 33444
    REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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    $ 650,000
    Est. payment /mo
    Active Under Contract

    821 SW 4th AVE Delray Beach, FL 33444

    0.37 Acres Lot


    UPDATED:

    Key Details

    Property Type Vacant Land

    Sub Type Unimproved Land

    Listing Status Active Under Contract

    Purchase Type For Sale

    Subdivision Town Of Delray Beach / Downtown Delray Beach

    MLS Listing ID R11011239

    HOA Y/N No

    Annual Tax Amount $6,197

    Tax Year 2023

    Contingent 3rd Party Approval

    Lot Size 0.370 Acres

    Acres 0.37

    Lot Dimensions 140' x 114'

    Property Sub-Type Unimproved Land

    Property Description

    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!

    Location

    State FL

    County Palm Beach

    Area 4460

    Direction South Swinton Ave to SW 8 Ct, turn west, property on corner of SW 8 Ct and SW 4 Ave.

    Region Delray Beach

    City Region Delray Beach

    Interior

    Fireplace No

    Exterior

    Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

    Amenities Available Beach Access

    Water Access Desc Public

    Present Use Single Family

    Building

    Lot Description Central Business District, City Lot, 1/4 to 1/2 Acre Lot

    Faces North

    Sewer Public Sewer

    Water Public

    Others

    Pets Allowed No

    Tax ID 12434620010110040

    Acceptable Financing Cash, Conventional, Other

    Listing Terms Cash, Conventional, Other

    Special Listing Condition Short Sale

    Virtual Tour https://www.propertypanorama.com/821-SW-4th-Avenue-Delray-Beach-FL-33444--RX-11011239/unbranded


    BeachesMLS, Inc. (FLR) VOW
    Listed by Matan Morag PA Regency Realty Services

    GET MORE INFORMATION

    Juan & Carolina Vasquez
    Juan & Carolina Vasquez

    +1(201) 819-6735 | movewithvasquez@gmail.com

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    821 SW 4th AVE