1944 NE 5th St - Apartments FOR SALE


Deerfield Beach, FL 33441- Outer Pompano Beach/Deerfield Beach
$2,100,000 USD
954-240-0434
1944 NE 5th St, Deerfield Beach, FL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/17
null | 10% Cap Rate

1944 NE 5th St
Deerfield Beach, FL 33441
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Just two blocks from the beach, The Island Resort is a top-rated property with hundreds of 5-star reviews.
  • It has operated as a short-term rental for three years and already has bookings for next season.
  • The property is a fourplex that rents as one home and four villas, each with full kitchens and bathrooms.
  • Located in Ocean Vue, Broward County, it offers strong income, 8 parking spots, and future development potential.

OVERVIEW

The Island Resort at Deerfield Beach is a resort style property with hundreds of 5 star reviews online. This property has been running as a short term rental property for the last three years. Only two blocks from the beach, this well established resort and amazing cash producing property is one of the most sought after spots for short stays in the area. It already has bookings for next season while still offering a lot of future opportunities for growth and increased income. Officially a fourplex, with a 2/2 that is split into a 1/1 with full kitchen and bathroom and a studio, also with full kitchen & bathroom, it rents as 1 single family home and 4 villas. The Island Resort offers many avenues for investment and future development in A+ prime location in gorgeous South East Florida.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$837 USD /SF

# OF UNITS

5

PRICE/UNIT

$420,000

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Island Resort

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,127 SF

ZONING

RM-10

APN/PARCEL ID

48-43-05-02-1480

ASK ABOUT THIS PROPERTY

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954-240-0434

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Merrill HellerURG CommercialMore Info
954-240-0434

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