Description
Huge value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & cottage in rear is 1br/1ba. Great opportunity to own multiple properties at the same time just one block from E Atlantic Ave. Lease terms are both MTM. Rents are way below market! Great opportunity for Airbnb or high investment income in rapid up and coming downtown location. Lots of new residential and commercial construction nearby and coming soon. Front house has newer central air unit. Rear home has window a/c units. Newer exterior painted. Homes need updating. Tenant occupied, no interior photos. Rents way below market. Market rents for both units are around $4,400 to $4,500/month. Property is in an Opportunity Zone & located within the Delray Beach CRA district.
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Listing Office: Regency Realty Services
