706 NW 1ST Street # 2, Delray Beach FL 33444

Rare investment opportunity in the heart of Delray Beach. This Residential Single Family Residence includes two separately metered homes on one spacious 6,737-square-foot lot in MONROE, Town of Delray Beach. Built in 1930, the property offers approximately 1,340 square feet of living area and is located just one block from vibrant East Atlantic Avenue.

The front residence features 3 bedrooms and 1 bathroom, while the detached rear residence includes 1 bedroom and 1 bathroom. Both homes are currently occupied by month-to-month tenants, generating immediate income with excellent flexibility. The front unit rents for $1,550 per month and the rear unit for $950 per month, well below current market potential.

Monroe Residences, Unit 1-2

Monroe Residences, Unit 1-2 is ideal for investors, redevelopment plans, or buyers seeking long-term appreciation in one of Delray Beach’s fastest-growing areas. The property offers 2 or more parking spaces, other water views, fruit trees, and room for a pool. Interior features are minimal, allowing for future customization. The homes are unfurnished, pet-friendly, and equipped with central heating, central air, and wall/window cooling units. Appliances include an electric water heater, electric range, and refrigerator. The property is served by Atlantic High School and located in Palm Beach County.

Enjoy South Florida’s warm year-round weather, beautiful beaches, outdoor dining, nightlife, galleries, and entertainment along Atlantic Avenue. Miami is also within reach, offering world-class shopping, restaurants, cultural attractions, airports, and major transportation connections.

For more information or to schedule a private showing at 706 NW 1ST Street # 2, Delray Beach FL 33444, call or text +1 786.468.4380 (Tel/WhatsApp).