118 SW 7th Street
Delray Beach, FL 33444
2016 sqft | #FX-10488304
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!
Property Details
- Utility FeaturesCable Connected, Public Sewer
- SubdivisionNICHOLS 1ST ADD TO DELRAY
- CoolingCeiling Fan, Central
- Property TypeMulti-Family
- ZoningR-1-A (city)
- RoofComposition
- MLS #FX-10488304
- MLS #FX-10488304
- Lot Features< 1/4 Acre
- Lot Description< 1/4 Acre
- CountyPalm Beach
- Original List Price$700,000
- Taxes Annual$8,073
- Cost700000
- Property SubtypeDuplex
- Square Feet2016
- Year Built1956
- Stories1
Location
Legal
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Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: David Arie Schwartzberg (#276578268)
Listing Office: Southwestern Real Estate (#279618799)
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