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

 

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