$705,000

Estimated payment $4,503/month

Total Views 3,498
-- Bed
-- Bath
2,405 Sq Ft
$293 Price per Sq Ft

Highlights

  • Water Views
  • Vinyl Flooring
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

Unlock the potential of this prime multifamily investment--One, 4-unit buildings located just east of I-95 in the heart of Deerfield Beach. The property offers a total of 4 units, comprised of two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units.This is a true value-add opportunity with plenty of upside through renovations and potential rent increases. With strong rental demand in the area and continued growth in East Deerfield, this asset is well-positioned for long-term appreciation and stable cash flow.Perfect for investors seeking a strategic long-term hold in one of South Florida's rapidly evolving submarkets. Close to major transportation, employment centers, and just minutes from the beach.

Listing Agent

Kyle Retamar

Sutter & Nugent LLC License #3421319

Sutter & Nugent LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,898

Year Built

  • Built in 1959

Lot Details

  • 6,000 Sq Ft Lot

Home Design

  • Fixer Upper
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,405 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Water Views

Schools

  • Deerfield Park Elementary School
  • Deerfield Beach Middle School
  • Deerfield Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 484201060091
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units
  • Westwood Gardens Subdivision

Building Details

  • Operating Expense $29,634
  • Net Operating Income $102,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,898

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: East on Hillsboro from I-95, Right on SW 2nd street, then first right on SW 1st Terrace, property in on the right.
  • Year Built: 1959
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Vinyl
  • Living Area: 2405.0

Exterior Features

  • Exterior Features: None
  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale, Fixer
  • Roof: Composition, Shingle

Utilities

  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Schools

  • Elementary School: Deerfield Park
  • High School: Deerfield Beach
  • Middle Or Junior School: Deerfield Beach

Lot Info

  • Parcel #: 484201060091
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 6000.0
  • Zoning Description: RS-7
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 102366.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 29634.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6898.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,898 $183,170 -- --
2024 $6,541 $183,170 -- --
2023 $6,541 $151,390 $0 $0
2022 $5,820 $137,630 $0 $0
2021 $3,703 $125,120 $0 $0
2020 $3,544 $156,170 $36,000 $120,170
2019 $3,289 $135,920 $36,000 $99,920
2018 $2,726 $109,880 $36,000 $73,880
2017 $2,567 $85,470 $0 $0
2016 $2,412 $77,700 $0 $0
2015 $2,284 $70,640 $0 $0
2014 $2,141 $64,220 $0 $0
2013 -- $61,010 $36,000 $25,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $705,000 -- $293 / Sq Ft
Source: BeachesMLS

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- Attorney
Quit Claim Deed -- Attorney
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $46,000 None Available
Source: Public Records

About the Listing Agent

Kyle Retamar

Sutter & Nugent LLC

(754) 310-3172

Section Image

Born in Boca Raton, Florida – I have a wealth of knowledge in the South Florida real estate market. As a dedicated real estate agent focusing in Palm Beach County and Broward County, I specialize in providing personalized service to clients seeking premium properties. With a deep understanding of the local market, I bring expertise and professionalism to every transaction, ensuring seamless experiences and exceptional outcomes. Whether you're buying, selling, or investing, I am committed to

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  • 73 Fiesta Way, Fort Lauderdale, FL 33301

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Source: BeachesMLS

MLS Number: R11084702

BeachesMLS

APN: 48-42-01-06-0091