NOT LISTED FOR SALE

1018 SW 7th Ave Unit 1018, 1020, 1022, 10 Delray Beach, FL 33444

Downtown Delray Beach Neighborhood
-- Bed
-- Bath
2,343 Sq Ft
0.31 Acres

Last Sold August 17, 2021

Last sale price $550,000 $235 Per Sq Ft

37 Days on Market

Highlights

  • Room in yard for a pool
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Garden View

About This Home

As of August 2021

A multi-family value-add opportunity with current gross rents of $3,900 per month, $46,800 annual. Opportunity to raise rents to market level! This property consists of 2 buildings on a double lot with 4 rentable units: 1018 - 2 Bed/1 Bath, 1020 - 1 Bed/ 1 Bath, 1022 - 2 Bed/1 Bath, and 1024 - 1 Bed/ 1 Bath in the Ridgewood Heights submarket of Delray Beach. All units currently occupied with month to month leases allowing an incoming owner to easily raise rents. Perfect for investors, this is an opportunity to own income producing Real Estate in one of the hottest and fast growing markets in South FL. Located in the heart of Delray Beach, just north of Linton, south of the bustling Atlantic Ave, just west of Swinton, east of I-95, and less than 2 miles to th

Last Agent to Sell the Property

Ahuva New

Boca Expert Realty LLC License #3367864 Listed on: 06/10/2021

Last Buyer's Agent

Michael Z. Hurwitz

True Floridian Realty License #3148138

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,056

Year Built

  • Built in 1953

Lot Details

  • 0.31

Home Design

  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 2,343 Sq Ft Home
  • 1-Story Property
  • Garden Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Room in yard for a pool
  • 0.31 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 12434620200020240

Community Details

Overview

  • 4 Units
  • Ridgewood Heights Subdivision

Building Details

  • Operating Expense $14,171
  • Net Operating Income $36,299

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,056

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From I-95, go east on Linton Blvd., left on SW 10th Avenue; right on SW 10th Street; right on SW 7th Avenue; Property on right: 1018, 1020, 1022, 1024 SW 7th Avenue.
  • Year Built: 1953
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Living Area: 2343.0

Exterior Features

  • Exterior Features: Room For Pool
  • View: Garden
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle, Tar/Gravel

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 12434620200020240
  • Lot Size Sq Ft: 13477.0
  • Zoning Description: R-1-A(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 36299.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 14171.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6056.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2021 08/17/21 Sold $550,000 -11.3% $235 / Sq Ft
07/18/2021 07/18/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $620,000 +67.6% $265 / Sq Ft
09/27/2019 09/27/19 Sold $369,900 0.0% $158 / Sq Ft
08/28/2019 08/28/19 Pending -- -- --
07/31/2019 07/31/19 For Sale $369,900 -- $158 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Ahuva New

    Boca Expert Realty LLC

    (561) 866-4494

    1 in this area

    34 Total Sales

    Ahuva New
    Section Image

  • M

    Buyer's Agent in 2021

    Michael Z. Hurwitz

    True Floridian Realty

    (561) 860-1763

    6 in this area

    30 Total Sales

    Michael Z. Hurwitz
    Section Image

  • C

    Seller's Agent in 2019

    Courtney Knopf

    The Corcoran Group

    (561) 655-9081

    5 in this area

    33 Total Sales

    Courtney Knopf
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10722958

BeachesMLS

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

1018 SW 7th Ave Unit 1018, 1020, 1022, 10, Delray Beach, FL

This home is located at 1018 SW 7th Ave Unit 1018, 1020, 1022, 10, Delray Beach, FL 33444 since 10 June 2021. This property was built in 1953. 1018 SW 7th Ave Unit 1018, 1020, 1022, 10 is a home located in Palm Beach County with nearby schools including Pine Grove Elementary School, Carver Middle School, and Atlantic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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