$655,000
$700,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
2,016 SqFt
SOLD DATE : 04/28/2025
Key Details
Sold Price $655,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $324
Subdivision Nichols 1St Add To Delray
MLS Listing ID F10488304
Sold Date 04/28/25
Style Duplex
Construction Status Resale
HOA Y/N No
Year Built 1956
Annual Tax Amount $8,073
Tax Year 2024
Property Sub-Type Duplex
Property Description
Prime investment opportunity just 5 blocks south of the famous Atlantic Ave in Delray Beach! This nearly fully remodeled duplex features a 2BR/1BA unit rented at $2,800/month and a vacant 4BR/2BA unit with a $4,000-$4,500 rental potential, offering strong cash flow. Property highlights include separate meters, new AC, impact windows, and modern upgrades throughout. Live in one unit and rent the other or lease both for maximum returns. Appraised As-Is at $745K and selling at a 7.9% CAP RATE, this deal won't last! Perfect for investors or house-hackers looking for prime location and income potential. Don't miss out on this rare find in Delray Beach!
Location
State FL
County Palm Beach County
Area Palm Beach 4220A; 4230B; 4360A; 4370B
Zoning R-1-A (city)
Interior
Heating Central Heat
Cooling Ceiling Fans, Central Cooling
Flooring Tile Floors
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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