229 SW 4th Avenue, Delray Beach, FL 33444 — MLS photo

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229 SW 4th Avenue, Delray Beach, FL 33444

Active · SingleFamilyResidence

$1,100,000

229 SW 4th Avenue, Delray Beach, FL 33444

Beds
0
Baths
1
Living area
1,048 sq ft
$ / sq ft
$1,050/sq ft
Year built
1940
Lot size
10,765 sq ft
HOA fee
—
Annual tax
$5,131

About this property

Prime development opportunity in the heart of Delray Beach. This vacant land residential lot is situated in a rapidly developing area just two- three blocks from Atlantic Avenue! "Conveniently located near Swinton Ave, offering a quick 5-minute bike ride to the beach" with easy access to downtown Delray, I-95, dining, shopping, entertainment and beaches. Lot is being sold for land value, making this an ideal site for new construction. A opportunity to build a custom home from the ground. Come and create your dream home this property offers endless potential. Surrounded by new builds ongoing revitalization this is a rare no-HOA community. Exceptional potential in a rapidly growing area. Build new and capitalize in a premier location and enjoy everything this community has to offer.

Property location

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229 SW 4th Avenue, Delray Beach, FL 33444

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
1,048 sq ft
Flooring
Concrete
Appliances
None
Cooling
Central Air, None
Heating
None
Interior features
Main Living Area Entry Level
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1940
Stories
1
Lot size
10,765 sq ft
Architectural style
One Story
Roof
Composition, Shingle
Exterior features
Fence, Shed
Pool
None

Parking

Covered spaces
0
Parking features
Driveway

HOA, Community & Financials

Pets allowed
No
Annual tax
$5,131
Subdivision
DELRAY TOWN OF
County
Palm Beach
Days on market
144
MLS listing ID
B26034931
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,864

Cap rate
3.7%
Net yield
3.7%
Cash-on-cash return
-7.3%
Gross yield
5.4%
Mortgage payment
$5,215/mo
Down payment
$275,000
Loan amount
$825,000
Annual NOI
$40,208

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.