118 SW 7th Street Sold
Property Details
| Sold Price | $655,000 |
|---|---|
| Last Asking Price | $700,000 |
| Price per SqFt | $325 |
| Property Taxes | $8,073 2024 |
| Interior Space | 2,016 SqFt |
| Beds/Baths | —/— |
| Year Built | 1956 |
| Pool | No |
| Closed Date | 4/28/2025 |
| MLS # | F10488304 |
Location
From the listing
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!
Listed by Southwestern Real Estate
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $8,073 for 2024. MLS figures, which may not be accurate.
Sales History for This Home · 118 SW 7th Street, Delray Beach, FL 33444
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| R10208592 | $190,000 | 8/15/16 |
| R2663832 | $80,000 | 7/25/12 |
Listed by Southwestern Real Estate. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Delray Beach and throughout South Florida.
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118 SW 7th Street, Delray Beach · MLS F10488304 · Sold Apr 2025
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.