Price Reduced 20.77%
Price History
$650,000
8/9/2024
$515,000
6/26/2025
821 SW 4th Avenue, Delray Beach, FL, 33444
5 beds
4 Full baths
1927
Ranch
1,607 sqft
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!
Status:
Active
Type:
Single-family residential
Furnished Remarks:
Unfurnished
Zoning:
Res
Subdivision:
Town of Delray Beach / Downtown Delray Beach
Development:
Town of Delray Beach / Downtown Delray Beach
Garage:
1-car
Heating:
Central
Cooling:
Central, Electric
Parking:
2+ Spaces, Driveway, Open
Est. Taxes:
$6,197
Construction
Other
Utilities
Electric,Public Sewer,Public Water
Lot Description:
1/4 to 1/2 Acre,Corner Lot
Amenities:
Ball Field, Basketball, Bike - Jog, Boating, Cafe/Restaurant, Dog Park, None, Park, Playground, Pool, Sidewalks, Soccer Field, Tennis
Boat Access:
Ramp
Pet Policy:
Yes
Potential Short Sale:
Yes
MLS #:
RX-11011227
Community Info
School Info
Walk Score
Yelp
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