$849,000
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223 SW 5th Ct Deerfield Beach, FL 33441
2,432 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $337
Subdivision Carver Heights First Add
MLS Listing ID A11914676
Style Fourplex
Year Built 1961
Annual Tax Amount $9,321
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
Fausto Commercial presents a charming multi-unit investment opportunity in Deerfield Beach! This well-maintained 4-unit property at 223 SW 5th Ct offers strong rental potential in a quiet, convenient neighborhood. All four units are 2-bedroom / 1-bath, and several renovations have been completed throughout the units, enhancing appeal and rental value. The property also features ample parking, a fenced yard, and on-site coin-operated laundry.
With current 2-bedroom rents at $1,900, the property generates a gross income of $90,180 and a net income of $67,921, resulting in an impressive 8% cap rate. Located just minutes from the beach, 1-95, shopping, and dining, this versatile asset sits in a high-demand area.
Don't miss this opportunity!
Location
State FL
County Broward
Community Carver Heights First Add
Area 3412
Interior
Heating Wall Furnace
Cooling Other, Wall/Window Unit(s)
Flooring Other, Tile
Exterior
Exterior Feature Fence, Storm/Security Shutters
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Roof Type Tar/Gravel
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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Bought with Pink Miami Real Estate