Duplex Sold
118 SW 7th St, Delray Beach, FL 33444
$700,000
2,016
Property Description
Prime investment opportunity just 5 blocks south of the famous Atlantic Ave in Delray Beach! This nearly fully remodeled duplex features a 2BR/1BA unit rented at $2,800/month and a vacant 4BR/2BA unit with a $4,000-$4,500 rental potential, offering strong cash flow. Property highlights include separate meters, new AC, impact windows, and modern upgrades throughout. Live in one unit and rent the other or lease both for maximum returns. Appraised As-Is at $745K and selling at a 7.9% CAP RATE, this deal won’t last! Perfect for investors or house-hackers looking for prime location and income potential. Don’t miss out on this rare find in Delray Beach!
Basic Details
Listing Type : Sold
Price : $700,000
Square Footage : 2,016
Property Sub Type : Duplex
Features
: Central Air, Ceiling Fan(s)
Public Sewer
Impact Glass
Central
Tile
None
Composition, Shingle
Location
US
FL
Palm Beach
Delray Beach
33444
Take W Atlantic Blvd exit heading east from I95. Make a right heading south on SW 4th Ave. Make a left heading east on SW 7th St. Building on your right.
4370
118 Sw 7th St, Delray Beach, Florida 33444
Extended Details
NICHOLS 1ST ADD TO DELRAY
04.28.2025
Block
Cash, Conventional
Cable Available
< 1/4 Acre
04.28.2025
655000
9835 sqft
2
R-1-A (city)
2024
Closing & Funding
$0
Southwestern Real Estate
David Arie Schwartzberg
Non-Gated
One
9835 sqft
Closed
2025-02-21
Sewer,Trash Collection,Water
2025-04-29T08:52:21Z
1
8073.0
FTL
| Property Type | Duplex |
| Status | Closed |
| Listing ID | F10488304 |
| Year Built | 1956 |
