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706 NW 1st Street Unit 1-2, Delray Beach, FL 33444

$402,500
2
BA
1,340
SqFt
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Sold Price
$402,500
List Price
$450,000
Days on Market
41
Closing Date
Jan 30, 2025
MLS#
R11045423
Sq. Ft
1,340
Subtype
Duplex
County
Palm Beach
Subdivision
Town Of Delray Beach / Downtown Delray Beach
Year Built
1930
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561-637-4559

Property 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 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.

561-637-4559
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Additional Information

Construction
Frame, Stucco, Wood Siding
Cooling
Central Air, Wall/Window Unit(s)
Flooring
Carpet, Tile
Heating
Central
Restrict
NoRestrictions
Roof
Composition
Taxes
$6,700
Utilities
Cable Available, Sewer Available, Water Available
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Garden
Amenities
Basketball Court, Library, Park, Pool, Restaurant, Sidewalks, Tennis Court(s), Trail(s)
Waterfront
None
Stories
1
Acres
0.15
Price Per Sqft
$300
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Listing courtesy of Regency Realty Services. Contact:

Selling Office: Regency Realty Services.

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.


Agent: Matan Morag PA | Email: mgrealtygroup@gmail.com