1018 SW 7TH AVE # 1018 Delray Beach, FL 33444

$620,000

Bedrooms

Total Baths

Full Baths

2,343

Square Feet

0.31

Acres

1953

Year Built

15 days

On Website

Active

Status

A multi-family value-add opportunity with current gross rents of $3,900 per month, $46,800 annual. 6% cap with current rents and opportunity to raise rents to market level!! This property consists of 2 buildings on a double lot with 4 rentable units: 1018 - 2 Bed/1 Bath, 1020 - 1 Bed/ 1 Bath, 1022 - 2 Bed/1 Bath, and 1024 - 1 Bed/ 1 Bath in the Ridgewood Heights submarket of Delray Beach. All units currently occupied with month to month leases allowing an incoming owner to easily raise rents. Perfect for investors, this is an opportunity to own income producing Real Estate in one of the hottest and fast growing markets in South FL. Located in the heart of Delray Beach, just north of Linton, south of the bustling Atlantic Ave, just west of Swinton, east of I-95, and less than 2 miles to th

I'm Interested

Schedule a showing
In Person Virtual

Details


Interior
Flooring
Linoleum
Living Area
2,343 SqFt.

Building And Construction
Number Of Units Total
4
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1953

Exterior And Lot
Lot Size Acres
0.31
Lot Size Square Feet
13477
Zoning
R-1-A(

Utilities
Cooling
Wall-win A/C
Heating
Window/Wall

Area And Schools
City
Delray Beach
County Or Parish
Palm Beach
Subdivision Name
Ridgewood Heights

Financial Info
Auction
No
REO
No
Short Sale
No
Tax Annual Amount
$6,055.70

Additional Info
List Price/SqFt
264.62
SqFt - Total
2343.00

Listing By Boca Expert Realty LLC

MLS# RX-10722958

Data Last Updated 11:16am - 06/25/2021

BeachesMLS

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2021 BeachesMLS, Inc.

33444 Statistics and Information

Data provided by Maponics

Your browser is out of date or unsupported. Some features of this website may not work until you update to a supported browser. More Info

Your browser is not currently supported. We recommend viewing REMAX.com and it's affiliated sites on one of the following browsers: