706 Northwest 1st Street

Delray Beach, FL 33444

$450,000
Price
Beds
1,340 Sq. Ft.
$336 / Sq. Ft.
1,340
Sq. Ft.
$336
per Sq. Ft.

Description

Value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own multiple properties with one purchase just 1 block from E Atlantic Ave. Lease are both MTM. Rents are way below market! Front house rented at $1,550 & rear house at $950. Great opportunity to Airbnb or high rental income in rapid up coming downtown location. New residential & commercial construction nearby & coming soon. Front house has newer central...Value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own multiple properties with one purchase just 1 block from E Atlantic Ave. Lease are both MTM. Rents are way below market! Front house rented at $1,550 & rear house at $950. Great opportunity to Airbnb or high rental income in rapid up coming downtown location. New residential & commercial construction nearby & 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 if renovated for both units combined is ~$4,500/mo. Property is in Opportunity Zone & located within the Delray Beach CRA district!
  1. Listed by Matan Morag • Regency Realty Services

Property Details for 706 Northwest 1st Street

Subdivision
Town of Delray Beach / Downtown Delray Beach
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water

Location

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LISTING UPDATED: 04/05/2024 04:05 PM

Property Details for 706 Northwest 1st Street

StatusActive Under Contract
MLS #RX-10948388
Days on Market80
Taxes$7,230 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1930
Lot Size0.15 AC / 6,737 SF
CountyPalm Beach County

Location

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Building Information for 706 Northwest 1st Street

Stories1Residences2Year Built1930Building Size-Lot Size0.15 AC / 6,737 SF

Payment Calculator

$3,058 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$603

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 706 Northwest 1st Street

Summary
Location and General Information
  • Property Condition: Resale
  • Development Name: Town of Delray Beach / Downtown Delray Beach
  • Directions: Atlantic Ave east of I-95. Go north on 7th Avenue and left on 1st Street.
  • Geo Area: Palm Beach 4220a; 4230b; 4360a; 4370b
  • Street Number: 706
  • Subdivision Complex Bldg: Town of Delray Beach / Downtown Delray Beach
  • Municipal Code: Delray Beach
  • State: FL
  • City Postal ID: 33444
  • MLS Area: 4460
  • MLS Sub Area: PB06
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2023
  • HOA Dues: $0
Property
Lot Information
  • Area: 4460
  • HOA Amenities: None
  • Lot Description: Sidewalks
  • Lot Dimensions: 50.0 ft x 135.0 ft
  • Parcel ID: 12434617010040210
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 1,372
  • Square Ft Source: Tax Rolls
  • Zoning: R-1-A
Property and Assessments
  • Legal Desc: MONROE SUB LT 21 BLK 4
  • Sq Ft Liv Area: 1340.0
  • Legal Description: MONROE SUB LT 21 BLK 4
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction, Frame With Stucco, Stucco Exterior Construction, Wood Sliding
  • Exterior Features: Fruit Tree(s), Open Patio, Room for Pool
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: Basketball, Bike - Jog, Cafe/Restaurant, Library, Park, Pool, Tennis
  • Gated Community YN: No
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Central, Wall-Win A/C
  • Flooring: Ceramic Tile, Tile
  • Heating: Central
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $15,200.00
  • Income & Expenses: Annual Total Expense: $10,000.00
  • Income & Expenses: Gross Operating Inc: $25,200.00
  • Tenant Pays: Cable, Electric, Sewer, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
  • Unit 1 Info: Bedrooms: 3
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,400
  • Unit 1 Info: SqFt: 880.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $700
  • Unit 2 Info: SqFt: 492.0
  • Unit 2 Parking: Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 706 Northwest 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 706 Northwest 1st Street

Taxable ValueLand$145,000Additions$214,934Total$359,934
Tax Record2023$7,229 ($602 / month)
Home Facts
Beds0Baths2Total Finished SqFt880 SqFtAbove Grade Finished SqFt880 SqFtStories1Lot Size6,739 SqFtStyleSingle Family ResidenceYear Built1930Year Renovated1970ZoningR-1-ACountyPALM BEACHAPN12-43-46-17-01-004-0210

Schools near 706 Northwest 1st Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Plumosa School Of The Arts
PublicPK to 5

Carver Middle School
Public6 to 8

Atlantic High School
Public9 to 12

S. D. Spady Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Regency Realty Services

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.