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Residential Income For Sale

1018 7th Avenue, Delray Beach, Florida 33444

Property Description

A multi-family value-add opportunity with current gross rents of $3,900 per month, $46,800 annual. 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

Basic Details
Status : Closed
Listing Type : For Sale
Property Type : Residential Income
Listing ID : RX-10722958
Price : $620,000
Property Sub Type : Quad Plex
Property Title : Residential Income For Sale
Other Interior Features
Square Footage : 2,343 Sqft
Building Area : 0 Sqft
Virtual Tour : Click Here
Year Built : 1953
Lot Area : 13,477 Sqft
Features
Heating System : Window/wall
Cooling System : Wall-win A/c
View : Garden
Association Amenities : Sidewalks, Street Lights
Exterior Features : Room For Pool, Shutters
Garage Spaces : 0
Roof : Tar/gravel, Comp Shingle
Address Map
Street : 7th
State : FL
County : Palm Beach
City : Delray Beach
Zipcode : 33444
Street Number : 1018
Street Suffix : Avenue
Longitude : W81° 55' 10.7''
Latitude : N26° 26' 46.5''
Floor Number : 0
Directions : From I-95, go east on Linton Blvd., left on SW 10th Avenue; right on SW 10th Street; right on SW 7th Avenue; Property on right: 1018, 1020, 1022, 1024 SW 7th Avenue.
Lot Features : 1/4 To 1/2 Acre
Parcel Number : 12434620200020240
MLS Addon
PotentialShortSale : No
Association Fee : $0
Construction Materials : Cbs
Flooring : Linoleum
HighSchool : Fort Lauderdale
MiddleOrJunior School : Sunrise
Senior Community : No
Subdivision Name : RIDGEWOOD HEIGHTS
Tax Annual Amount : $6,056
Tax Year : 2020
Utilities : Public Water, Public Sewer, Electric, Cable
Zoning : R-1-A(
SqFt - Total : 2,343 Sqft
History
OriginalListPrice : $620,000
DOM : 0
Cumulative DOM : 0
Office Name : Boca Expert Realty LLC
Agent Name : Ahuva Judith New
ClosePrice : $550,000
CloseDate : 08/17/2021
Residential Income For Sale
  • Listing ID : RX-10722958
  • Square Footage : 2,343 Sqft
$620,000
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