821 4th ,Agriculture, Unimproved Single Family (5+ Lots) for Sale & Rent

821 4th for Sale & Rent

Price $650,000.00

• Lot size 16030
• Year Build
• Waterfront
• Zip 33444
• Style
• Parking Description
• Pool Yes
• Status Active With Contract

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!

SUB OF SEC 20-46-43 E 140 FT OF W 165 FT OF S 114 FT OF W 1/4 OF LT 11

Beach Area, Central Business District, City Location, 1/4 To Less Than 1/2 Acre Lot, Home, Beach Access

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!

City:Delray Beach,Sewer:1:Public Sewer,2:Other,3:Public Sanitation,4:Sewer,Zoning:Res,Country:United States,List A O R:BeachesMLS,Tax Year:2023,Latitude:26.4490528,List Price:650000,Listing Id:R11011239,Longitude:-80.0766982,Mls Status:Active With Contract,Utilities:1:Electricity Connected,2:Sewer Connected,3:Water Connected,4:Cable Available,5:Electricity Available,6:Sewer Available,7:Water Available,Directions:South Swinton Ave to SW 8 Ct, turn west, property on corner of SW 8 Ct and SW 4 Ave.,Possession:1:Long Closing Preferred,2:Negotiable,Postal Code:33444,Street Name:4th,Vegetation:1:Other Trees,Contingency:3rd Party Approval,Coordinates:1:26.4490528,Lot Features:1:Central Business District,2:City Location,3:1/4 To Less Than 1/2 Acre Lot,4:Home,5:Beach Access,Photos Count:12,Days On Market:543,Listing Terms:1:Conventional,Lot Size Acres:0.368,Lot Size Units:Square Feet,M I A M I R E_ Area:4460,M L S Area Major:Town Of Delray Beach / Dow,On Market Date:2024-08-09,Parcel Number:12434620010110040,Property Type:Land/Boat Docks,Street Number:821,Street Suffix:Avenue,Off Market Date:2026-05-22,Public Remarks: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!,Approval Status:Unapproved,County Or Parish:Palm Beach County,Direction Faces:North,Documents Count:1,Expiration Date:2026-05-31,List Office Name:Regency Realty Services,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Property Sub Type:Agriculture,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:Town of Delray Beach / Dow,Town of Delray Beach,Tax Annual Amount:6197,Unparsed Address:821 SW 4th Avenue, Delray Beach FL 33444,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Dimensions:140'x114',Lot Size Square Feet:16030,M I A M I R E_ L P Amt Sq Ft:40.55,M I A M I R E_ Price Acre:1756756,Original List Price:650000,Previous List Price:515000,I D X Participation Y N:1,M I A M I R E_ Last Status:Active,M I A M I R E_ Sub Board I D:Palm Beach,Syndication Remarks: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!,Listing Contract Date:2024-08-09,Originating System I D:miamire,Showing Instructions:No Sign,Text Agent Phone Number,Street Number Numeric:821,Tax Legal Description:SUB OF SEC 20-46-43 E 140 FT OF W 165 FT OF S 114 FT OF W 1/4 OF LT 11,Electric On Property Y N:1,M I A M I R E_ Current Price:650000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Palm Beach 4220a; 4230b; 4360a; 4370b,M I A M I R E_ Parcel Number M L X:1243,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2026-05-22,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Acreage Description:1/4+ To 1/2 Acre,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:561-706-0095,M I A M I R E_ Short Sale Addendum Y N:1,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,