FL > Delray Beach > Nichols 1St Add To Delray
Delray Beach, FL 33444,118 SW 7th St
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Delray Beach, FL 33444,118 SW 7th St
Delray Beach, FL 33444,118 SW 7th St
Delray Beach, FL 33444,118 SW 7th St
Delray Beach, FL 33444,118 SW 7th St
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Pwayko Skybank

Pwayko Skybank

+1(954) 881-4448
$ 700,000
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Active Under Contract

118 SW 7th St Delray Beach, FL 33444

2,016 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,016 sqft

Price per Sqft $347

Subdivision Nichols 1St Add To Delray

MLS Listing ID F10488304

Style Duplex

Construction Status Resale

HOA Y/N No

Year Built 1956

Annual Tax Amount $8,073

Tax Year 2024

Property Sub-Type Duplex

Property Description

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 $2,800/month and a vacant 4BR/2BA unit with a $4,000-$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!

Location

State FL

County Palm Beach County

Area Palm Beach 4220A; 4230B; 4360A; 4370B

Zoning R-1-A (city)

Interior

Heating Central Heat

Cooling Ceiling Fans, Central Cooling

Flooring Tile Floors

Exterior

Water Access N

Roof Type Comp Shingle Roof

Private Pool No

Building

Lot Description Less Than 1/4 Acre Lot

Story 1.0000

Foundation Cbs Construction

Sewer Municipal Sewer

Construction Status Resale

Others

Pets Allowed No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

BeachesMLS Matrix (RAPB-F prefix)
Listed by Southwestern Real Estate
agent

Pwayko Skybank

Advisor | License ID: 276741946

+1(954) 881-4448

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118 SW 7th St