Amazing investment opportunity in the heart of deerfield beach, potential cap rate of 7.0+! This large duplex is perfectly located just minutes to sandy beaches, shopping & entertainment. Each unit offers a spacious 2-bedroom, 1-bath layout, florida room were previously converted to accommodate a third bedroom. Both units feature living area, full kitchen, washer, dryer hookups, enclosed patio, & private fenced yards. Roof is 11+- years. Tenants pay all utilities, including water, electric, & trash. Potential income is $2300+ per unit. Totaling $55,200. Expenses include taxes($7,719)insurance(estimate)($6000)lawn($960) totaling $14,679 for a potential net of $40,521. Units are in need of some tlc, and priced accordingly. This is definitely the diamond in the rough you've been looking for!
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Carlos Montoya • Fidelity Real Estate Group LLC • Buyer Agency Compensation .
Instant Comparative Market Analysis
Closed
Active
$100/ft²
$200/ft²
$500/ft²
$700/ft²
Unit 1426 SE 3rd Ter – Asking
$301/ft²
(-20%) from Closed Medium $/ft²
Closed Medium $/ft²
$375/ft²
Community $/Price Range (Closed) $249/ft² – $539/ft²
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