Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$650,000
 $3,489 est/mo Sourced by Back At You

821 SW 4th Avenue,Delray Beach, FL 33444

Delray Beach, FL 33444

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Description

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!

Details

MLS #R11011239
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Days On Site287
Listing Provided ByRegency Realty Services | Matan Morag PA

Features

ZoningRes
Acreage0.37

Exterior

Lot FeaturesQuarter To Half Acre Lot

Taxes

Tax Annual Amount6197

Area Information

StateFL
CountyPalm Beach
CityDelray Beach
Zip Code33444
Area4460
SubareaPalm Beach 4220a; 4230b; 4360a; 4370b
Community NameTown of Delray Beach / Dow
Listing VS Median (in Town of Delray Beach / Dow)
Price:
$650,000
low | high
Med:
$650,000
50% of Average
On site:
287
low | high
Med:
287
100% of Average
Sourced by Back At You

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyPalm Beach
CityDelray Beach
Zip Code33444
Area4460
SubareaPalm Beach 4220a; 4230b; 4360a; 4370b
Community NameTown of Delray Beach / Dow
Listing VS Median (in Town of Delray Beach / Dow)
Price:
$650,000
low | high
Med:
$650,000
50% of Average
On site:
287
low | high
Med:
287
100% of Average
Sourced by Back At You
Listing Updated: July 23, 2026 at 5:43:07 AM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc