$369,900
SOLD SEP 27, 2019

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

Recently Sold

$158 Per Sq Ft

27 Days on Market

Highlights

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

About This Home

As of August 2021

Don't miss this value-add, mutli-family opportunity with a possible projected return of 10%+! This property consists of 2 buildings on a double lot with 4 rentable units: 1018, 1020, 1022, and 1024 within the non-HOA community of Ridgewood Heights in Delray Beach. Each of the four customizable 1/1 units are currently fully-occupied with annual leases in place with varying expiration dates. Located in the heart of Delray Beach, just north of Linton, south of Atlantic, just west of Swinton, east of I-95, and less than 2 miles to the beach, this investment opportunity is one-of-a-kind. Perfect for investors, home buyers and/or builders! Extra-large backyard w/ room for a pool. Being sold AS-IS. Call for a private showing today! Showings through Listing Agent only; do not disturb Tenants.

Last Agent to Sell the Property

Courtney Knopf

The Corcoran Group License #3381744 Listed on: 07/31/2019

The Corcoran Group

Last Buyer's Agent

Ahuva New

Boca Expert Realty LLC License #3367864

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,013

Year Built

  • Built in 1953

Lot Details

  • 0.31 Acre Lot
  • Fenced
  • Sprinkler System

Home Design

  • Frame Construction
  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 2,343 Sq Ft Home
  • 1-Story Property
  • Awning
  • Double Hung Metal Windows
  • Garden Views

Outdoor Features

  • Room in yard for a pool
  • Shed

Schools

  • Atlantic Technical High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 12434620200020240

Community Details

Overview

  • 4 Units
  • Ridgewood Heights Subdivision

Building Details

  • Operating Expense $14,980
  • Net Operating Income $19,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,013

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: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Living Area: 2343.0
  • Window Features: Double Hung, Metal, Single Hung

Exterior Features

  • Exterior Features: Fence, Room For Pool, Shed, Awning(s)
  • View: Garden
  • Lot Features: Sprinkler System
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block, Frame
  • Other Structures: Shed(s)
  • 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, Well

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • High School: Atlantic Technical

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: 19520.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 14980.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4013.0

Range of Values:

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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: R10550719

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 and is currently priced at $369,900, approximately $157 per square foot. 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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