706 NW 1st Street 1-2, Delray Beach, FL 33444

$450,000 Asking Price

4 beds
2 baths
1,340  sqft
Built in 1930

Handyman Special! Downtown Delray Beach consisting of two separately metered homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own two single-family homes on one property just 1 block from East Atlantic Ave. Both tenants are MTM. Rents are well below market! Front house rented at $1,550 and rear house rented at $950. Great opportunity for high rental income in rapidly growing downtown location. Also great short-term rental potential. New construction all around. Front house has newer central HVAC unit. Rear home has window a/c units. Homes needs updating. Tenant occupied. Market rents if both units rehabbed combined is ~$4,500+ per month. Property is located in an Opportunity Zone & within the Delray Beach CRA district.

Features & Amenities

Interior

Appliances:
Electric Range,Electric Water Heater,Refrigerator
Flooring:
Ceramic Tile,Tile
A/C:
true, Central Air,Wall/Window Unit(s)
Heating:
true, Central

Exterior

General:
Fruit Trees,Patio,Room For Pool
Pool:
None,Association,Community
Parking:
Two or More Spaces

Construction

Roofing:
Composition,Shingle
General:
Frame,Wood Siding, 1

Location

HOA Amenities:
Basketball Court,Library,Pool,Tennis Court(s),Trail(s),Transportation Service
Originating MLS:
FTL
County:
Palm Beach

Lot

Zoning:
MONROE SUB LT 21 BLK 4, 12434617010040210

Utilities

Utilities:
Cable Available,Electricity Available,Sewer Available,Water Available
Water:
Public
Sewer:
Public Sewer

Financial

Source:
FTL

This listing courtesy of:
Regency Realty Services, Matan Morag

About Delray Beach, FL

Housing

Number of Units
79,330
Median Home Value
$336,433
Median Rent
$1,451

26.17% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
60.40%
Public Transportation
1.06%
Walk to Work
1.00%
Work from Home
36.40%
Other
0.73%

The median travel time to work is 16 minutes.

People

Population
126,299
Median Age
54.90
Median Household Size
2.31

Education

High School
22.05%
Associate’s Degree
7.95%
Bachelor’s Degree
25.62%
Graduate Degree
17.90%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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