706 NW 1st St Unit 1-2 Delray Beach, FL 33444
Downtown Delray Beach Neighborhood
--
Bed
--
Bath
1,340
Sq Ft
6,737
Sq Ft Lot
Highlights
- Fruit Trees
- Garden View
- Patio
- Room in yard for a pool
- Cooling System Mounted To A Wall/Window
- 3-minute walk to BF James and FJ Wright Park
About This Home
As of January 2025Handyman 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,700
Year Built
- Built in 1930
Lot Details
- 6,737 Sq Ft Lot
- Fruit Trees
Home Design
- Duplex
- Frame Construction
- Shingle Roof
- Composition Roof
- Wood Siding
Interior Spaces
- 1,340 Sq Ft Home
- 1-Story Property
- Garden Views
Flooring
- Carpet
- Tile
Outdoor Features
- Room in yard for a pool
- Patio
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 12434617010040210
Community Details
Overview
- 2 Units
- Town Of Delray Beach / Do Subdivision
Building Details
- Operating Expense $12,000
- Net Operating Income $42,000
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/30/2025 01/30/25 | Sold | $402,500 | 0.0% | $300 / Sq Ft |
| 01/30/2025 01/30/25 | Sold | $402,500 | -10.6% | $300 / Sq Ft |
| 12/16/2024 12/16/24 | For Sale | $450,000 | 0.0% | $336 / Sq Ft |
| 12/16/2024 12/16/24 | For Sale | $450,000 | -- | $336 / Sq Ft |
Source: BeachesMLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,700 | $344,207 | -- | -- |
| 2023 | $7,229 | $359,934 | $145,000 | $214,934 |
| 2022 | $4,013 | $168,606 | $0 | $0 |
| 2021 | $3,473 | $154,790 | $55,500 | $99,290 |
| 2020 | $3,201 | $139,344 | $52,500 | $86,844 |
| 2019 | $3,617 | $159,004 | $34,200 | $124,804 |
| 2018 | $3,247 | $142,892 | $31,334 | $111,558 |
| 2017 | $2,218 | $109,861 | $27,486 | $82,375 |
| 2016 | $2,110 | $73,181 | $0 | $0 |
| 2015 | $2,028 | $66,528 | $0 | $0 |
| 2014 | $1,860 | $60,480 | $0 | $0 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $328,000 | New Conventional | |
| Previous Owner | $120,000 | Unknown | |
| Previous Owner | $120,000 | Purchase Money Mortgage | |
| Previous Owner | $90,000 | Purchase Money Mortgage | |
| Previous Owner | $81,000 | Unknown |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $402,500 | None Listed On Document | |
| Warranty Deed | $402,500 | None Listed On Document | |
| Warranty Deed | $410,000 | Jacobs Law Group | |
| Warranty Deed | $150,000 | Attorney | |
| Warranty Deed | $150,000 | Delray Title & Abstract Co | |
| Warranty Deed | $100,000 | Delray Title & Abstract Co | |
| Warranty Deed | $79,000 | Delray Title & Abstract Co |
Source: Public Records
Similar Homes in Delray Beach, FL
Source: BeachesMLS
MLS Number: R11045423
APN: 12-43-46-17-01-004-0210
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.
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.
Nearby Homes