APPROVED SHORT-SALE! PROFORMA 10-11% CAP RATE! Downtown Delray builder special! 16,030sf CORNER LOT (140ftx114ft). Great opportunity! New construction around! Existing singe-family home situated on enormous lot and features main house with 3br/2ba, garage and two additional efficiency/studio units. Potential options: 1) Redevelopment opportunity: build 1 or 2 homes; each house could have large 8,000sf+/- lots 2) Add/build ADU, 3) Combine house into large interior space to create one large home 4) Rehab & maintain same floor plan then rent out all 3 spaces; PROFORMA 10-11% CAP RATE! Excellent location near Swinton Ave; ~1 mile to the beach. Spacious yard. Walk to Swinton/Atlantic Ave, downtown! No HOA! Short-term rental potential! Located in Opportunity Zone and Delray Beach CRA District!
View Virtual TourTown of Delray Beach / Downtown Delray Beach
Pool, Boating, Tennis, Bike - Jog, Basketball, Sidewalks, None, Cafe/Restaurant, Park, Playground, Ball Field, Soccer Field, Dog Park
3-Phase Electric, Public Water, Public Sewer
Split Bedroom, Entry Lvl Lvng Area
Refrigerator, Range - Electric, Water Heater - Elec
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Listing information last updated on July 14th, 2025 at 12:45am CDT.