For Sale 706 NW 1st Street 1-2, Delray Beach, FL 33444
706 NW 1st Street 1-2, Delray Beach, FL 33444
Property Description: 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.
Useful Info
Land Lot (Parcel) Details
Construction
- Resale
- Resale
- Frame
- Wood Siding
- Tile
- Ceramic Tile
Property Features
- Community
- None
- Association
- Unfurnished
- Refrigerator
- Electric Range
- Electric Water Heater
- Patio
- Fruit Trees
- Room For Pool
- Patio
- Shingle
- Composition
- Central Air
- Wall/window Unit(s)
- Central
Taxes and Expenses
Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.
Terms
- Cash
- Conventional
- Closing & Funding
- Close Of Escrow
Community
- Library
- Pool
- Tennis Court(s)
- Trail(s)
- Basketball Court
- Transportation Service
- Sidewalks
- Non-gated
- Street Lights
- Pool
- Tennis Court(s)
- Public Transportation
Parking
- Two Or More Spaces
Utilities
- Public Sewer
- Cable Available
- Electricity Available
- Sewer Available
- Water Available
- Public
More Details
Housing Older Persons ActNo HOPA
Data exchange original Listing NumberRX-11045418
Type of Governing BodiesNo Governing Body
Ref1100353647
Zoning and Legal
Listing History
| Update/Event | Date/Days |
| Published Date: | December 16, 2024 4:12 pm |
| On Market Date: | December 16, 2024 |
| Listing Contract Date: | December 16, 2024 |
| Contingent Date: | January 26, 2025 |
| Last Important Update Description: | Active Under Contract (An offer has been accepted, considering Backup Offers) |
| Date and Time of Last Important Update: | January 26, 2025 12:32 pm |
| Status Last Changed: | January 26, 2025 12:00 am |
| Photos Last Modified: | January 2, 2025 6:49 pm |
| Last Modified: | January 26, 2025 6:42 pm |
| Days on the Market Reference Date: | January 26, 2025 |
| Days on the Market (updated on Last Modified*): | 41 |
| Cumulative Days on the Market (updated on Last Modified**): | 41 |
