706 Northwest 1st Street, Unit 12

Delray Beach, FL 33444

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

Description

Handyman Special! Downtown Delray Beach consisting of two separately metered homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own two single-family homes on one property just 1 block from East Atlantic Ave. Both tenants are MTM. Rents are well below market! Front house rented at $1,550 and rear house rented at $950. Great opportunity for high rental income in rapidly growing downtown location. Also great short-term rental potential. New construction all around. Front...Handyman Special! Downtown Delray Beach consisting of two separately metered homes on one lot! Front house is a 3br/1ba & rear house is 1br/1ba. Opportunity to own two single-family homes on one property just 1 block from East Atlantic Ave. Both tenants are MTM. Rents are well below market! Front house rented at $1,550 and rear house rented at $950. Great opportunity for high rental income in rapidly growing downtown location. Also great short-term rental potential. New construction all around. Front house has newer central HVAC unit. Rear home has window a/c units. Homes needs updating. Tenant occupied. Market rents if both units rehabbed combined is ~$4,500+ per month. Property is located in an Opportunity Zone & within the Delray Beach CRA district.
  1. Listed by Matan Morag • Regency Realty Services

Property Details for 706 Northwest 1st Street, Unit 12

Subdivision
Town of Delray Beach / Downtown Delray Beach
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water
LISTING UPDATED: 12/16/2024 09:10 PM

Property Details for 706 Northwest 1st Street, Unit 12

StatusActive
MLS #RX-11045423
Days on Market1
Taxes$6,700 / 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

Building Information for 706 Northwest 1st Street, Unit 12

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

Property Information for 706 Northwest 1st Street, Unit 12

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
  • HOPA: No Hopa
  • Tax Year: 2024
  • 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: Carpet, Tile
  • Heating: Central
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $42,000.00
  • Income & Expenses: Annual Total Expense: $12,000.00
  • Income & Expenses: Gross Operating Inc: $54,000.00
  • Tenant Pays: Cable, Electric, Sewer, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Electric Meter, Kitchen, Patio, Range - Electric, Refrigerator, Utility
  • Unit 1 Info: Bedrooms: 3
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,550
  • Unit 1 Info: SqFt: 880.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Electric Meter, Kitchen, Patio, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $950
  • Unit 2 Info: SqFt: 492.0
  • Unit 2 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 706 Northwest 1st Street, Unit 12

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 706 Northwest 1st Street, Unit 12

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Plumosa School Of The Arts
PublicPK to 7

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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706 Northwest 1st Street, Unit 12 is a multi-family home for sale in Delray Beach, FL 33444. This property was listed for sale on December 16, 2024 by Regency Realty Services, it's currently listed at $450,000. This listing's school district is Palm Beach. Nearby schools include Plumosa School Of The Arts, Carver Middle School and Atlantic High School. 706 Northwest 1st Street, Unit 12 is a 0-bed, 0-bath, 1,340 sqft multi-family home built in 1930.

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. Offers of compensation are subject to change at the discretion of the seller. 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.