South Florida
Closed
Fairlawn, 1426 SE 3rd Ter, Deerfield Beach, FL 33441
550,000(-11.82% )
$485,000Price
1,908SqFt
Save
Details
Save
Status:
Sold - Feb 13, 2025
Size: 1,908 SqFt (177 m2)
Price: $254/SqFt ($2,736/m2)
Type: Multi Family
Built: 1969
MLS Number: F10479035
On Site: 205 Days
Updated: 120 Days ago
Page Views: 0
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!
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: Fence,RoomForPool
Interior, Heating and Cooling
- Heating Description: Central,Electric
- Cooling Description: CentralAir
Building and Construction
- Floor Description: CeramicTile
- Year Built: 1969
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-01-06T12:51:08.000-00:00
Taxes, Fees & More
- Taxes: 7265
- Total Units in Building: 2
Price History
02/13/2025
Date
Sold
Event
$485K
Price
-11.82%
Change Rate
$254 ft2 / $2,736 m2
Price Per
01/14/2025
Date
Price Reduced
Event
$550K
Price
-4.35%
Change Rate
$288 ft2 / $3,103 m2
Price Per
01/06/2025
Date
Listed
Event
$575K
Price
$301 ft2 / $3,244 m2
Price Per
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 Comps
$100/ft²
$200/ft²
$500/ft²
$700/ft²
Unit 1426 SE 3rd Ter – Asking
$254/ft²
(-32%) from Closed Medium $/ft²
Closed Medium $/ft²
$375/ft²
Community $/Price Range (Closed) $254/ft² – $539/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
THINKING OF SELLING IN Fairlawn at Deerfield Beach?
Request a Comparative Market Analysis (CMA), It's free and comes with no obligation.
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