Updated Deerfield Duplex | 1449 SE 4th Ave
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Updated Deerfield Duplex 1449 SE 4th Ave
2 Unit Block of Flats £535,978 (£267,989/Unit) 7% Net Initial Yield Deerfield Beach, FL 33441
Investment Highlights
- Renovated A Few Years Ago
- Market Rents Could Be Higher
- Turnkey Investment
Executive Summary
Fantastic Find! Updated Duplex In The Heart Of Deerfield Beach. Renovated A few Years Ago Property Has Hurricane Protection, Newer Flooring & Newer Air Conditioners. Gorgeous Kitchens With Modern Cabinets, Quartz Countertops, & Stainless Steel Appliances. Each Unit Has 2 Bedrooms, 1 Bathroom, Washer, Dryer, Large Patio With A Private Fenced In Yard. Long Term Tenants Paying $2500.00 Each. TURNKEY PROPERTY!!
Owner Has Another Duplex On The Same Block For Sale 1413-1421 SE 4th Ave. Buy One Building Or Both For A Great Deal.
This Property Is Currently Generating An Annual Gross Income Of $60,000 With A Potential Market Income Of $69,600. Expenses Include Lawn ($960) Water & Trash ($1,680) Flood Insurance ($1,090) Taxes ($8,321) Totaling $12,051. This Leaves A Potential Net Income Of $48k To $55k. Owner Has Another Building For Sale On The Same Street. Call Listing Carlos Montoya Multifamily Specialist For More Details, Also call For A list Of Other Multifamily Properties For Sale.
Owner Has Another Duplex On The Same Block For Sale 1413-1421 SE 4th Ave. Buy One Building Or Both For A Great Deal.
This Property Is Currently Generating An Annual Gross Income Of $60,000 With A Potential Market Income Of $69,600. Expenses Include Lawn ($960) Water & Trash ($1,680) Flood Insurance ($1,090) Taxes ($8,321) Totaling $12,051. This Leaves A Potential Net Income Of $48k To $55k. Owner Has Another Building For Sale On The Same Street. Call Listing Carlos Montoya Multifamily Specialist For More Details, Also call For A list Of Other Multifamily Properties For Sale.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £535,978 | Building Class | C |
| Price Per Unit | £267,989 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 1,750 SF |
| Net Initial Yield | 7% | Average Occupancy | 100% |
| No. Units | 2 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Low Rise |
| Price | £535,978 |
| Price Per Unit | £267,989 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| No. Units | 2 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 1,750 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1969 |
| Parking Ratio | 2.5/1,000 SF |
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | £1,956 | 900 |
zoning
| Zoning Code | RM10 (Moderate Density Residential) |
| RM10 (Moderate Density Residential) |
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Updated Deerfield Duplex | 1449 SE 4th Ave
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