Basic Information

  • MLS # RX-10722958
  • Status Closed
  • Subdivision/Complex RIDGEWOOD HEIGHTS
  • Year Built 1953
  • Total Sqft 2,343
  • Date Listed 06/10/2021
  • Days on Market 68
Description

A multi-family value-add opportunity with current gross rents of 3,900 per month, 46,800 annual. Opportunity to raise rents to market level! This property consists of 2 buildings on a double lot with 4 rentable units: 1018 - 2 Bed1 Bath, 1020 - 1 Bed 1 Bath, 1022 - 2 Bed1 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

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Exterior Features Room For Pool

Interior Features

  • Adjusted Sqft 2,343Sq.Ft
  • Cooling Description Wall Window Units
  • Heating Description Wall Furnace
  • Sqft 2,343 Sq.Ft

Property Features

  • Address 1018 SW 7th Ave #1018, 1020, 1022, 1024
  • Aprox. Lot Size 13,477
  • Association Fee Frequency Monthly
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • HOA Fees $0
  • Subdivision Complex RIDGEWOOD HEIGHTS
  • Subdivision Info RIDGEWOOD HEIGHTS
  • Tax Amount $6,056
  • Tax Legal desc RIDGEWOOD HEIGHTS DELRAY LTS 24 25 BLK B
  • Tax Year 2020
  • Terms Considered Cash, Conventional

1018 SW 7th Ave #1018, 1020, 1022, 1024

Delray Beach, FL 33444

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Boca Expert Realty LLC. tel: 561 347-6444

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