Skip To Content

    1018 SW 7th Avenue , 1018, 1020, 102

    Delray Beach, FL 33444
    • $620,000
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: RX-10722958
    UPDATED: 28 min ago
    $620,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,343
      SQFT
    • $265
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:
    Area:

    School Ratings & Info

    Description

    A multi-family value-add opportunity with current gross rents of $3,900 per month, $46,800 annual. 6% cap with current rents and opportunity to raise rents to market level!! This property consists of 2 buildings on a double lot with 4 rentable units: 1018 - 2 Bed/1 Bath, 1020 - 1 Bed/ 1 Bath, 1022 - 2 Bed/1 Bath, and 1024 - 1 Bed/ 1 Bath in the Ridgewood Heights submarket of Delray Beach. All units currently occupied with month to month leases allowing an incoming owner to easily raise rents. Perfect for investors, this is an opportunity to own income producing Real Estate in one of the hottest and fast growing markets in South FL. Located in the heart of Delray Beach, just north of Linton, south of the bustling Atlantic Ave, just west of Swinton, east of I-95, and less than 2 miles to th

    Monthly Payment Calculator

    www.palmbeachcountyhomesearch.com/homes/118093505
    Print Image

    1018 SW 7th Avenue , 1018, 1020, 102 Delray Beach, FL 33444

    • Price: $620,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: RX-10722958
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    2,343
    SQFT
    $265
    $/SQFT
    1953
    Built
    Neighborhood:
    Ridgewood Heights
    County:
    Palm Beach
    Area:
    Delray Beach
    Property Description
    A multi-family value-add opportunity with current gross rents of $3,900 per month, $46,800 annual. 6% cap with current rents and opportunity to raise rents to market level!! This property consists of 2 buildings on a double lot with 4 rentable units: 1018 - 2 Bed/1 Bath, 1020 - 1 Bed/ 1 Bath, 1022 - 2 Bed/1 Bath, and 1024 - 1 Bed/ 1 Bath in the Ridgewood Heights submarket of Delray Beach. All units currently occupied with month to month leases allowing an incoming owner to easily raise rents. Perfect for investors, this is an opportunity to own income producing Real Estate in one of the hottest and fast growing markets in South FL. Located in the heart of Delray Beach, just north of Linton, south of the bustling Atlantic Ave, just west of Swinton, east of I-95, and less than 2 miles to th
    Exterior Features

    Carport Spaces 0.00 Construction Cbs Exterior Features Room For PoolShutters Lot Description 1/4 To 1/2 Acre Private Pool YN No Roof Comp ShingleTar/Gravel Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking View Garden Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Wall-Win A/C Flooring Linoleum Heating Window/Wall Unit1 Bedrooms 1 Unit1 Desc W/D Hookup Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 652 Unit2 Bedrooms 1 Unit2 Desc W/D Hookup Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 434 Unit3 Bedrooms 1 Unit3 Desc W/D Hookup Unit3 Full Baths 1 Unit3 Sq Ft 628 Unit4 Bedrooms 1 Unit4 Desc W/D Hookup Unit4 Full Baths 1 Unit4 Sq Ft 628

    Property Features

    Annual Net Operating Income 36299.00 Annual Total Expenses 14171.25 Available Info LeasesService Contracts Built Desc Resale Gross Operating Income 46800.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 2343.00 Subdivision Amenities SidewalksStreet Lights Tax Amount 6055.70 Tax Year 2020 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 950.00 Unit2 Monthly Income 1050.00 Unit3 Monthly Income 1000.00 Unit4 Monthly Income 900.00 Utilities CableElectricPublic SewerPublic Water Zoning R-1-A(

    Listing provided courtesy of Boca Expert Realty Llc. Listing information © 2021 BeachesMLS
     
    https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_1_RX-10722958-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_1_RX-10722958-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_1_RX-10722958-2.jpg
    Logo
    The Rizzuto Woodman Team | Keller Williams Realty
    4455 Military Trail, Suite 100
    Jupiter FL, 33458