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821 SW 4th Avenue, Delray Beach, Florida 33444

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Active Under Contract
$515,000
  • Beds 0
  • Baths 0
  • Sq Ft 0 Sqft
  • Visits: 53 in 378 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!

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

  • Association Fee: $0
  • Close Price: $0
  • Development Status: Site Plan Filed
  • Insurance Expense: $0
  • Listing Terms: Cash, Conventional
  • Lot Features: City Lot, Beach Front, Central Business District
  • Lot Size Dimensions: 140' x 114'
  • New Taxes Expense: $0
  • Tax Annual Amount: $6,197
  • Tax Year: 2023

Location

Listing Updated: 2025-08-19 21:55:00

  • Property Type : Land
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : R11011239
  • Price : $515,000
  • View : Garden
  • Bedrooms : 0
  • Bathrooms : 0
  • Half Bathrooms : 0
  • Square Footage : 0 Sqft
  • Year Built : 0
  • Lot Area : 0 Acre
  • Listing Status : Active Under Contract
  • Days On Market : 377
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