Home » Delray Beach » 706 NW 1st Street 1-2, Delray Beach, FL 33444 | R11045423/RX-11045423

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

$450,000

Property Highlights

Listing ID R11045423/RX-11045423 Status of this Listing: Active Under Contract (An offer has been accepted, considering Backup Offers) For Sale Property Type Residential Income (Multifamily 2-4) Duplex Living Space 1,340 Sqft/124.49 m2 approx. Building Area 1,372 Sqft/127.46 m2 approx. Lot area 6,737 Sqft/625.89 m2 approx. Year Built 1930 Time of this property on Rebonus 42 Day(s)

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

Contingency:No Contingencies
Original List Price:$450,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Units Total:2
Property Condition:
  • Resale
Levels:One
Construction Materials:
  • Frame
  • Wood Siding
Flooring:
  • Carpet
  • Tile
Stories:1

Property Features

View from the Property:
  • Garden
Waterfront:No
Exterior Features:
  • Patio
  • Fruit Trees
  • Room For Pool
Patio and Porch Features:
  • Patio
Roof:
  • Shingle
  • Composition
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Wall/window Unit(s)
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$6,700

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.

Tax Year:2024
Association Fee Frequency:
  • Monthly

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Closing & Funding
  • Close Of Escrow
Tenant Pays:
  • Exterior Electric
  • Water
  • Sewer
Lease Considered:No

Community

Subdivision Name:Town of Delray Beach / Do
Community Features:
  • Non-gated
Complex Name:Town of Delray Beach / Do
Senior Community:No
Development Name:Town of Delray Beach
Restrictions:No Restrictions

Parking

Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available
  • Electricity Available
  • Sewer Available
  • Water Available
Water Source:
  • Public

More Details

Other Information:
Housing Older Persons ActNo HOPA
Data exchange original Listing NumberRX-11045423
Ref1100355057

Zoning and Legal

Tax Legal Description:MONROE SUB LT 21 BLK 4
Real Estate Folio Number (Parcel Number):12434617010040210
Zoning Description:R-1-A

Listing History

Update/EventDate/Days
Published Date:December 16, 2024 4:26 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 12:33 pm
Status Last Changed:January 26, 2025 12:00 am
Photos Last Modified:December 17, 2024 11:02 am
Last Modified:January 27, 2025 12:12 am
Days on the Market Reference Date:January 27, 2025
Days on the Market (updated on Last Modified*):41
Cumulative Days on the Market (updated on Last Modified**):41

Additional Information

Lot Size Range:,
Number of Photos:18
Location:,
Included:,,
Geographical Area:Palm Beach 4220a; 4230b; 4360a; 4370b
Area:4460
Automated Valuation Display:Yes
Courtesy of:Regency Realty Services
Universal Property Id:US-12099-N-12434617010040210-R-N

Location

Show Property Address:Yes
Street Name:1st Street
Street Number:706
Street Direction Prefix:NW
Street Address:706 NW 1st Street 1-2
Unit Number:1-2
City : Delray Beach
State : Florida
Zip Code : 33444
County : Palm Beach
Full Address:706 NW 1st Street 1-2, Delray Beach, FL 33444
Latitude:N26° 27' 47.5''
Longitude:W81° 55' 10.1''

Neighborhood

Postal City:Delray Beach

Property Map