1649 SE 4th St - Apartments FOR SALE


Deerfield Beach, FL 33441
$4,250,000 USD
954-796-4488
1649 SE 4th St, Deerfield Beach, FL for Sale
$4,250,000 USD
Apartments - FOR SALE
1/27
null | 5.13% Cap Rate

1649 SE 4th St
Deerfield Beach, FL 33441


HIGHLIGHTS

  • PERFECT for conversion to short term vacation rental!!
  • Proforma NOI for short term rental $295,000
  • UNDER market rents (purchase price is firm)

OVERVIEW

8,018 SF Multi-Family 13 unit Apartment Building - for SALE in Deerfield Beach FL Located in a PRIME first class area! Within walking distance and BLOCKS to the BEACH, 16 restaurants, shopping and a Marina! IDEAL for conversion to Short Term and Vacation RENTAL! (2 TWO BR and 11 ONE BR) Most Units improved and renovated! 24 Tandem parking spaces On 12,623 SF Land (FAR ratio .63) Zoned RM-15 UNDER MARKET RENTS!! Plenty of room on the upside to increase rents CONVERSION POTENTIAL - FANTASTIC Location for short term rentals. Increase income multiple times! EMAIL for pro-forma and analysis (Note: Price is FIRM) 2.5% SO - see LINK to property website uniwebcommercial dot com

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$530 USD /SF

# OF UNITS

13

PRICE/UNIT

$326,923

CAP RATE

5.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Emerald Cove Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

RM-15

APN/PARCEL ID

48-43-05-08-1110

ASK ABOUT THIS PROPERTY

Albert ComuladaUniweb Commercial, Inc.More Info
954-796-4488

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Albert ComuladaUniweb Commercial, Inc.More Info
954-796-4488

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.