155 SE 5th Ct - Apartments FOR SALE


Deerfield Beach, FL 33441- Outer Pompano Beach/Deerfield Beach
$4,999,900 USD
561-929-4098
155 SE 5th Ct, Deerfield Beach, FL for Sale
$4,999,900 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate


HIGHLIGHTS

  • New Roof (2026), New Impact Windows and Doors
  • Oversized Apartment Units w/ Patio Balconies (4)
  • New Interior Electric Panels
  • Ample Parking and Laundry Facilities
  • Inventory Constrained, High Barrier to Entry Market

OVERVIEW

Vista Court Flats is located in Deerfield Beach which is south of Boca Raton and north of Fort Lauderdale in Broward County, Florida. Per our research, there are only +/- 20 multifamily properties in the entire city that are 20- 50 units making the inventory highly restrained as compared to other markets in South Florida. With excellent drive time connectivity to various East Boca Raton Economic Drivers, Corporate Headquarters and high end retail, Vista Court Flats is perfectly positioned for investment for buyers looking for Prime A+ locations. » The property is 25 multifamily units with key features to maximize upside. Unit size averages are higher than most other multifamily in the market and are more in line with condominium sizes in the area. Four of the twenty-five units feature sliding glass doors and private patio areas. Units are in good condition with upgraded tile flooring, knockdown walls, and electrical panel updates. Parking is ample with an abundance of available spaces for tenant use with additional public parking connected to the Memorial Park. » There are few opportunities in the market that allow for extensive renovations similar to those seen in the Class A Apartment space, Vista Court Flats ranks high on that list due to proximity to Boca Raton and the Deerfield Beach coastal areas. The investment thesis here is increased revenues through a strategic renovation strategy thereby maximizing income and capitalizing on the high barrier to entry and inventory constrained market that is Deerfield Beach. » The Vista Court Flats multifamily opportunity is located in Deerfield Beach, Florida in Broward County. Palm Beach County and Boca Raton are located just to the north of Deerfield, while Fort Lauderdale, Florida is to the south. » Invest at the intersection of coastal charm and urban modernization. This property represents a strategic foothold in one of South Florida’s most aggressive redevelopment corridors. Located inside the Pioneer Grove Local Activity Center, Vista Court Flats is perfectly positioned to capitalize on Deerfield Beach’s transition into a high-density, walkable downtown destination. » As the 10th largest city in the county, Deerfield Beach is an economic engine that generates about 7 billion dollars annually. The combination of beach-driven tourism, marine/industrial production, retail, and services creates a varied economic foundation, preventing the city from being overly dependent on a single industry. Infrastructure and location are important: in addition to tourism, distribution, logistics, and corporate headquarters are supported by access to major highways, rail, and airports. » Deerfield Beach is a top tier beach lifestyle, just over one mile from the award-winning Deerfield Beach and the International Fishing Pier. Direct access to Pioneer Park and the newly expanded Sullivan Park, offering waterfront amenities that attract families and young professionals alike. Vista Court Flats provides instant access to Federal Highway (US-1) and Hillsboro Blvd, providing a direct pipeline to I-95 and the Brightline

FOR SALE DETAILS

PRICE

$4,999,900 USD

PRICE/SF

$262 USD /SF

# OF UNITS

25

PRICE/UNIT

$199,996

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vista Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,530 SF

ZONING

B-1

APN/PARCEL ID

48-43-06-04-0290

ASK ABOUT THIS PROPERTY

Steven PaulsenOpen Market CREMore Info
561-929-4098

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

Steven PaulsenOpen Market CREMore Info
561-929-4098

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