821 SW 4th Avenue, Delray Beach, FL 33444
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by:matan morag
Office:regency realty services
MLS#:R11011239
Source:RMLS
Price summary
- Price:$515,000
About this home
APPROVED 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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Home facts
- Listing Id #:R11011239
- Added:369 day(s) ago
- Updated:August 13, 2025 at 02:48 PM
Structure and exterior
- Lot area:0.37 Acres
Finances and disclosures
- Price:$515,000
- Tax amount:$6,197 (2023)
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