Active
118 SW 7th St
Delray Beach FL, 33444
$700,000
$347.22 per sqft
Active
2,016 sqft
Multi-family
Built in 1956
Prime investment opportunity just 5 blocks south of the famous Atlantic Ave in Delray Beach! This nearly fully remodeled duplex features a 2BR/1BA unit rented at $2,900/month and a vacant 4BR/2BA unit with a $4,500 rental potential, offering strong cash flow. Property highlights include separate meters, new AC, impact windows, and modern upgrades throughout. Live in one unit and rent the other or lease both for maximum returns. Appraised As-Is at $745K and selling at a 7.9% CAP RATE, this deal won't last! Perfect for investors or house-hackers looking for prime location and income potential. Don't miss out on this rare find in Delray Beach!
F10488304
MLSⓇ ID
February 21, 2025
Listed
February 22, 2025
Updated
Interior Features
Total Stories
1
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ceiling Fan(s)
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Features
1/4 Acre
Roof
Composition, Shingle
Sewer
Public Sewer
Window
Impact Glass
Other Property Details
Area Name
4370
Taxes
$8,073
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking Total
10
View
No
County
Palm Beach
Pool
No
Pool Features
None
Utilities
Cable Available
Listed by: Southwestern Real Estate
Listing Contact:
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Data last updated 2:36 PM UTC, 2/22/2025