new - 1 day on rocket

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

$450,000

Home List Price

$5,344*

Closing Credit

0 Baths
1,340 SqFt
$336/SqFt
Multi

Location

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706 NW 1st St Unit 1-2, Delray Beach$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
Year Built1930
HeatingCentral
CoolingCentral Air, Window Unit(s)
WaterfrontNone
ViewGarden
MLS #RX-11045423
StatusActive

About 706 NW 1st St Unit 1-2

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.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Stories: 1
  • Living Area: 1,340 SqFt

Listing Office:

  • Office Name: Regency Realty Services
  • Office Phone: (561) 394-4600
  • Listing Agent: Matan Morag

Interior Features

Interior Information:

  • Flooring Type: Carpet, Tile

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: Garden
  • Exterior: Fruit Tree(s), Open Patio, Room for Pool

Virtual/3D Tour

  • Virtual Tour: 706 NW 1st St Unit 1-2
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Lot Features

Lot Information:

  • Lot: Sidewalk

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Window Unit(s)

Other

Directions Information:

  • Directions: Atlantic Ave east of I-95. Go north on 7th Avenue and left on 1st Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $336/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Delray Beach, FL.

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Delray Beach, FL

City

Med. Sold Price

$373.6K

Med. Price/SqFt

$276

Avg. Days On Market

71

# of Sold Homes

150

706 NW 1st St Unit 1-2 vs Delray Beach

1 DAY ON ROCKET

-70 Days

$450,000

+$76.3K More

$336/SqFt

+$60 More

KEY TAKEAWAY

This property is $76.3K more than the Median Sold Price and $60/SqFt more than other homes in Delray Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-11045423

Listing Office:

  • Office Name: Regency Realty Services
  • Office Phone: (561) 394-4600
  • Listing Agent: Matan Morag

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4371338
5
/10

  • S. D. Spady Elementary School

  • 901 NW 3rd St

  • 0.41 miles

  • Public Magnet Grades PK-5

school-card-donut-4371339
7
/10

  • Pine Grove Elementary School

  • 400 SW 10th St

  • 1.16 miles

  • Public District Grades EE-5

school-card-donut-4371340
7
/10

  • Banyan Creek Elementary School

  • 4243 Sabal Lakes Rd

  • 2.36 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,605. The most common annual income of people living in Delray Beach, FL is less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Palm Beach County›Delray Beach›33444›706 NW 1st St Unit 1-2

This home is located at 706 NW 1st St Unit 1-2 in Delray Beach, FL and zip code 33444 in the Downtown Delray neighborhood. This 1,340 square foot home was built in 1930. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $450,000.

In November 2024 more than 2 listings in Delray Beach, FL were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 129 were sold below. The number of homes for sale in Delray Beach, FL increased by 9.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 71 days, the median list price was $373,687.

From Rocket Homes Real Estate and based on county public records data.

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