665 SE 20th Ave - Hospitality FOR SALE


Deerfield Beach, FL 33441- Outer Pompano Beach/Deerfield Beach
$4,900,000 USD
954-812-0223
665 SE 20th Ave, Deerfield Beach, FL for Sale
$4,900,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

665 SE 20th Ave
Deerfield Beach, FL 33441
Outer Pompano Beach/Deerfield Beach


OVERVIEW

Concrete building, one block from the BEACH with great investor potential! This 17 unit sits just one block from the beach and is in walking distance of everything that makes Deerfield’s “beach-life” attractive (shopping, dinning, major community events). This property has been predominantly used for personal use and is perfect for a value-add investor who wants to take advantage of the surrounding market. The units could be used for short OR long term rental. The majority of the units are efficiency style, with two full sized apartments (see break down below). All but five of the units come with a kitchenette or full kitchen. The pool is in great condition along with more recently renovated rooms and modern aesthetic. The roof will need replacing in the relative near future. **Exterior recently painted WHITE.** SELLER is offering financing with flexible terms and is open to reasonable offer. This remains a very desirable location, note recent development here: https://www.discoversouthflorida.com/blog/axis-apartments-deerfield-beach-real-estate-update/ PLEASE reach out directly to Listed Sales agent to schedule a showing. 17 UNITS: Three “Queen Studios” Rooms - Approx. 300 SF Four “Deluxe King Studio” Rooms - Approx. 382 SF Three “Deluxe Queen Studio” Rooms - Approx. 382 SF Five “Standard Qeen” Rooms - Approx. 240 SF (no Kitchen) Two One Bedroom Full Size Apartment - Approx. 700 SF

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$687 USD /SF

# OF ROOMS

17

PRICE/ROOM

$288,235 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

D. Beach Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RM-25, Deerfield Bch

APN/PARCEL ID

48-43-05-04-2350

ASK ABOUT THIS PROPERTY

Melissa MartzUnited Realty Group, IncMore Info
954-812-0223

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Melissa MartzUnited Realty Group, IncMore Info
954-812-0223

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