1944 NE 5th St - Apartments FOR SALE


Deerfield Beach, FL 33441- Outer Pompano Beach/Deerfield Beach
$2,299,000 USD
954-240-0434
1944 NE 5th St, Deerfield Beach, FL for Sale
$2,299,000 USD
Apartments - FOR SALE
1/48
null | 8% 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 highly rated, resort-style short-term rental property located just two blocks from the beach. Now in its third year of operation, the business continues to show strong growth, with revenue increasing from $82,571 (Jan–May 2025) to $120,772 (Jan–May 2026). During May, revenue grew from approximately $5,000 to more than $22,000 year over year. According to Hostaway, gross revenue through June 12, 2026 reached approximately $143,000, compared to $85,000 during the same period in 2025—an increase of nearly 70%. With existing bookings already in place for the upcoming season and a flexible configuration that can operate as a single property or multiple rental units, The Island Resort offers investors a proven income-producing asset with continued upside in one of South Florida’s most desirable beach markets.

FOR SALE DETAILS

PRICE

$2,299,000 USD

PRICE/SF

$916 USD /SF

# OF UNITS

5

PRICE/UNIT

$459,800

CAP RATE

8%

% 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

14

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

Merrill HellerUnited RealtyMore Info
954-240-0434

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

Merrill HellerUnited RealtyMore Info
954-240-0434

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