1018 SW 7th Avenue Unit #1018, 1020, 1022, 1024, Delray Beach, FL 33444

$620,000
2,343
SqFt
List Price
$620,000
MLS#
RX-10722958
Sq. Ft
2,343
Lot Size
13,477
Subtype
Quad Plex
County
Palm Beach
Community
Ridgewood Heights
Subdivision
Ridgewood Heights
Year Built
1953

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 to the beach, this investment opportunity is one-of-a-kind. Extra-large backyard w/ room for a pool. Being sold AS-IS. Showings only after an offer has been accepted; do not disturb Tenants.

Additional Information

Building No
Yes
Hoa
Yes
Status Label
PENDING
Total Unitsin Bldg
4
Construction
CBS
Cooling
Wall-Win A/C
Exterior Feature
Room for Pool, Shutters
Flooring
Linoleum
Heating
Window/Wall
Lot Description
1/4 to 1/2 Acre
Roof
Comp Shingle, Tar/Gravel
Taxes
$6,055
View
Garden
Unit Number
1018, 1020, 1022, 1024
Waterfront
None
Total Op Expenses
14171
Total Unitsin Bldg
4
Roofing
Comp Shingle, Tar/Gravel
Utility
Cable, Electric, Public Sewer, Public Water
Acres
0.309389348026
Price Per Acre
11526411.6
Price Per Sqft
$264

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Boca Expert Realty LLC.


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