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821 SW 4th Avenue, Delray Beach, Florida 33444

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Active Under Contract
$515,000
  • Beds 5
  • Baths 4
  • Sq Ft 1,607 Sqft
  • Visits: 82 in 377 days

Description

APPROVED SHORT-SALE! PROFORMA 10-11% CAP RATE! Downtown Delray builder special! 16,030sf CORNER LOT (140ftx114ft). Great opportunity! New construction around! Existing singe-family home situated on enormous lot and features main house with 3br/2ba, garage and two additional efficiency/studio units. Potential options: 1) Redevelopment opportunity: build 1 or 2 homes; each house could have large 8,000sf+/- lots 2) Add/build ADU, 3) Combine house into large interior space to create one large home 4) Rehab & maintain same floor plan then rent out all 3 spaces; PROFORMA 10-11% CAP RATE! Excellent location near Swinton Ave; ~1 mile to the beach. Spacious yard. Walk to Swinton/Atlantic Ave, downtown! No HOA! Short-term rental potential! Located in Opportunity Zone and Delray Beach CRA District!

Features

  • Swimming Pool: Association, Community, None
  • Heating System: Central
  • Cooling System: Electric, Central Air
  • Pet Policy: Yes
  • Patio: Patio
  • Parking: Driveway, Two Or More Spaces, Open
  • Furnished: Unfurnished

Appliances

  • Appliances: Electric Range, Refrigerator, Electric Water Heater

Address Map

  • Country: US
  • State: FL
  • County: Palm Beach
  • City: Delray Beach
  • Subdivision: Town of Delray Beach / Do
  • Zipcode: 33444
  • Street: 4th Avenue
  • Street Number: 821
  • Floor Number: 0
  • Longitude: W81° 55' 23.8''
  • Latitude: N26° 26' 56.5''
  • Directions: South Swinton Ave to SW 8 Ct, turn west, property on corner of SW 8 Ct and SW 4 Ave.
  • Street Dir Prefix: SW
  • MLS Area: 4460

MLS Addon

  • Architectural Style: Ranch
  • Association Amenities: Pool, Tennis Court(s), Other, Basketball Court, Trail(s)
  • Association Fee: $0
  • Close Price: $0
  • Community Features: Pool, Tennis Court(s), Boat Facilities, Sidewalks, Non-gated
  • Exterior Features: Patio
  • Flooring: Parquet
  • Garage Spaces: 1
  • Insurance Expense: $0
  • Interior Features: Split Bedrooms
  • Levels: One
  • Listing Terms: Cash, Conventional, Fha, Va Loan
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 1/4 to 1/2 Acre,Corner L
  • New Taxes Expense: $0
  • Stories: 1
  • Stories Total: 1
  • Tax Annual Amount: $6,197
  • Tax Year: 2023
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Window Features: Blinds

Location

Listing Updated: 2025-08-19 21:52:44

  • Property Type : Single Family
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : R11011227
  • Price : $515,000
  • View : Garden
  • Bedrooms : 5
  • Bathrooms : 4
  • Full Bathrooms : 4
  • Half Bathrooms : 0
  • Square Footage : 1,607 Sqft
  • Year Built : 1927
  • Lot Area : 0 Acre
  • Listing Status : Active Under Contract
  • Days On Market : 377
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