223 SW 5th Ct new Save Request In-Person Tour Request Virtual Tour
Deerfield Beach,FL 33441
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $349
Subdivision Carver Heights First Add
MLS Listing ID A11914676
Style Fourplex
HOA Y/N No
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
Total Parking Spaces 5
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Others
Tax ID 484201040960
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11914676