4 bedroom house for sale

Overview

Value add opportunity in Downtown Delray Beach consisting of two homes on one lot! Front house is a 3br/1ba and 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 and rear house at $950. Great opportunity to Airbnb or high rental income in rapid up coming downtown location. New residential and commercial construction nearby and 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 and located within the Delray Beach CRA district!