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821 SW 4th Avenue Delray Beach, FL 33444
5 Bedroom, 1,607 Sqft, Single Family Detached
AGENT'S REMARKS ABOUT 821 SW 4TH AVENUE
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!PROPERTY DETAILS
- Property Type: Single Family Detached
- Approx Living Area: 1,607 SqFt
- Total Bedrooms: 5
- Bathrooms: 4 Full
- Year Built: 1927
- Lot Size: 16,030 SqFt
- Acreage: 1/4 to 1/2 Acre, Corner Lot
- Garage Spaces: 1
- Built Description: Ranch
- Stories: 1
- Parking Type: 2+ Spaces, Driveway, Open
- Rooms: Storage
- Interior: Entry Lvl Lvng Area, Split Bedroom
- Other Appliances: Range - Electric, Refrigerator, Water Heater - Elec
- Flooring: Parquet Floor
- Age Restrictions: No Hopa
- Total Floors in Building: 1
- House Faces/Primary View: North
- Construction: Other
- Exterior Description: Open Patio
- Cooling System: Central, Electric
- Heating: Central
- Utility Information: Electric, Public Sewer, Public Water
- Furnished: Unfur
- Pets Allowed: Yes
- Pet Policy: None
- County: Palm Beach
- Area: 4460
- Subdivision: Town of Delray Beach / Downtown Delray Beach
- Community: town of delray beach / downtown delray beach
- Community Features: Ball Field, Basketball, Bike - Jog, Boating, Cafe/Restaurant, Dog Park, None, Park, Playground, Pool, Sidewalks, Soccer Field, Tennis
- Age Restricted: No Hopa
- Annual Property Taxes: $6,197
- Ownership: None
- Repo/Reo: No
- Short Sale: Yes
MAP LOCATION FOR 821 SW 4TH AVENUE DELRAY BEACH, FL 33444
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Directions: South Swinton Ave to SW 8 Ct, turn west, property on corner of SW 8 Ct and SW 4 Ave.
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Listing courtesy of Regency Realty Services 07.02.2025