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🚨🏚️OFF-MARKET DELRAY $3 MILLION ARV NEXT TO LAKE IDA AND SWINTON DEVELOPER DREAM OPPORTUNITY!🏚️🚨

Price
$1,175,000
Est. Resale Value
$3,000,000
501 Lake Dr, Delray Beach, FL 33444, USA, ,

Overview

  • 2 Bedrooms
  • 2 Bathrooms
  • 1,297 ft
  • Year Built: 1971

Description

Unlock the potential of a prime investment opportunity nestled near the tranquil shores of Lake Ida. Presenting a 1,297 square foot single-family gem with 2 bedrooms and 2 bathrooms, set on a spacious 9,365 square foot lot. This property, with its strategic location in Delray Beach, FL, offers a unique chance to capitalize on the booming real estate market. Imagine the possibilities: demolish the existing structure and usher in a new era of luxury by building a modern home. With an After Repair Value (ARV) of up to $3 million, the sky’s the limit for investors aiming to maximize returns. Don’t miss out on this chance to transform vision into value, all within a stone’s throw of Lake Ida’s picturesque vistas.

Property Details 🏚️
Rehab Level: Full Rehab
Construction: CBS
Electrical Panel: Needs redone
Air Conditioner: Needs new
Roof: Needs redone

Rental Comps 📈
1623 NW 2nd Ave, Delray Beach, FL 33444
$15,500/month
530 NW 14th St, Delray Beach, FL 33444
$13,500/month
1502 NW 4th Ave, Delray Beach, FL 33444
$7,000/month

Comps 📈
1520 Pine Ln, Delray Beach, FL 33444
12/29/2023 – $3,155,900
115 Coconut Rd, Delray Beach, FL 33444
12/22/2023 – $3,100,000
9 NW 17 St, Delray Beach, FL 33444
01/05/2024 – $3,000,000

Address: 501 Lake Dr, Delray Beach, FL 33444, USA
State:
Zip: 33444
Country: United States
Open In Google Maps
Property Id : 56778
Price: $ 1,175,000
Property Size: 1,297 ft
Bedrooms: 2
Bathrooms: 2
ARV: $3,000,000
Property Type: Single-Family
Parking: Attached Garage
Year Built: 1971
Lot Size: 0.21 acres

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