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Sold

118 SW 7th St

118 SW 7th Street, Delray Beach, FL 33444

$655,000

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!

Studio

2,016 Sq.Ft. LIVING AREA

David Schwartzberg

title REALTOR®
PHONE (631) 521-5218
EMAIL [email protected]
DRE # 3453132

Features & Amenities

Interior

total bedrooms0
Flooring Tile

Area & Lot

Status Sold
Date Sold April 28, 2025
Living Area2,016 Sq.Ft.
MLS® IDF10488304
TypeMulti-Family
YEAR BUILT1956

Exterior

STORIES1
utilitiesCable Available
roofComposition, Shingle
lot features1/4 Acre
HEAT TYPECentral, Separate Meters
AIR CONDITIONINGCentral Air, Ceiling Fan(s)
sewerPublic Sewer

Financial

Sales Price$655,000
Real Estate Tax $8,073/yr
Zoning R-1-A (city)

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David’s relationship focused approach ensures your needs are always prioritized. His unique background in intensive sales programs and previous entrepreneurial ventures means he knows how to navigate the market effectively, putting your goals above all else.

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Contact Details

David Schwartzberg

Phone

(631) 521-5218

[email protected]

Address

648 George Bush Blvd Delray Beach FL 33483

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