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706 Nw 1st Street, Delray Beach, FL – $450,000

  • 4 Beds
  • 2 Baths
  • 1,372 Sqft
  • .15 Acres
  • 4 Beds
  • 2 Baths
  • 1,372 Sqft
  • .15 Acres

706 Nw 1st Street

Value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own multiple properties with one purchase just 1 block from E Atlantic Ave. Lease are both MTM. Rents are way below market! Front house rented at $1,550 & rear house at $950. Great opportunity to Airbnb or high rental income in rapid up coming downtown location. New residential & commercial construction nearby & coming soon. Front house has newer central air unit. Rear home has window a/c units. Newer exterior painted. Homes need updating. Tenant occupied, no interior photos. Rents way below market. Market rents if renovated for both units combined is ~$4,500/mo. Property is in Opportunity Zone & located within the Delray Beach CRA district!

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Essential Information

  • MLS® #RX-10948388
  • Price$450,000
  • Bedrooms4
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,372
  • Acres0.15
  • Year Built1930
  • TypeMulti-Family
  • Sub-TypeDuplex
  • StyleNo
  • StatusActive

Community Information

  • Address706 Nw 1st Street
  • Area4460
  • CityDelray Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33444

Subdivision

Town of Delray Beach / Downtown Delray Beach

Amenities

  • ViewGarden
  • WaterfrontNone

Utilities

3-Phase Electric, Cable, Public Sewer, Public Water

Interior

  • HeatingCentral
  • CoolingWall-Win A/C, Central
  • # of Stories1

Exterior

  • Lot DescriptionSidewalks
  • RoofComp Shingle
  • ConstructionFrame, Frame/Stucco, Woodside

Exterior Features

Fruit Tree(s), Open Patio, Room for Pool

Additional Information

  • Listing Courtesy ofRegency Realty Services
  • Date ListedJanuary 9th, 2024
  • ZoningR-1-A
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Price Change History for 706 Nw 1st Street, Delray Beach, FL (MLS® #RX-10948388)

Date Details Change
Price Reduced from $465,000 to $450,000 $15,000 (3.23%)
Price Reduced from $469,000 to $465,000 $4,000 (0.85%)

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