Loading map…
Delray Beach, FL 33444
Property Type
Land
Lot Size
0.37 Acres
Waterfront
Beach Front
Listing courtesy of Matan Morag PA of Regency Realty Services.
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!
0.37 Acres
Delray Beach
R11011239
Delray Beach
Land
Beach Front
Res
Delray Beach
florida
City Lot
Public
Total$3,407.35/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
Delray Beach, Florida, is a vibrant and picturesque coastal city known for its beautiful beaches, lively downtown area, and diverse cultural scene.
Information is deemed reliable but is not guaranteed and should be independently verified.