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$475,230Estimated home value

Beds
4
Baths
2.0
sq ft
1,340

706 NW 1st St, Delray Beach, FL 33444

706 NW 1st St

Delray Beach, FL 33444

  • Off market
    • Price drop $15,000↓
Value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own multiple properties with one purchase just 1 block from E Atlantic Ave. Lease are both MTM. Rents are way below market! Front house rented at $1,550 & rear house at $950. Great opportunity to Airbnb or high rental income in rapid up coming downtown location. New residential & commercial construction nearby & coming soon. Front house has newer central air unit. Rear home has window a/c units. Newer exterior painted. Homes need updating. Tenant occupied, no interior photos. Rents way below market. Market rents if renovated for both units combined is ~$4,500/mo. Property is in Opportunity Zone & located within the Delray Beach CRA district!

Details

Property type

Single Family Residence

Est. home value

$475,230

Lot size

6,737 sq ft

Price per sq ft

$336

Year built

1930

Annual property taxes

$7,230

Price History

09/01/2024
Beaches

Beaches #R10948349

Removed
$450,000
07/01/2024
Beaches

Beaches #R10948349

Listed
$450,000
04/05/2024
Beaches

Beaches #R10948349

Pending
$450,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Street Lights, Sidewalks, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Els Holdings Llc

Loan start date

April 2022

Original loan amount

$328,000

Est. remaining balance

Not provided

Interest rate

3.89%

Loan type

Commercial, 2 year

Seller

Prestigent Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 10/04/2024 at 10:55 PM

Listing updated: 08/29/2024 at 8:43 AM

Listed by: Matan Morag, Regency Realty Services Phone #: (561) 394-4600

MLS: Beaches #R10948349

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