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
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