Deerfield Beach Manor
Closed3901 NW 9th Ave, Deerfield Beach, FL 33064
Property type
Multifamily
Unit / Space count
14
Price
$3,100,000
Building size
10,000 sf
Rentable area
10,000 SF
Year built
1974
Year renovated
Occupancy
Zoning code
Lot size
0.46 Acres
Sold/status
Sold · Date unknown
Sale price
$3100000
Bedroom count
Property description
Deerfield Beach Manor is a 14-unit two-floor multifamily community built in 1974 located in the heart of Deerfield Beach, Florida, which is in Broward County. The subject property has recently gone through extensive renovations establishing strong cash flow day one and the ability to increase rents. Renovated units feature new luxury tile, countertops, high tech electrical appliances, and premium kitchen cabinets. The property also features exterior upgrades such as new central AC, hurricane impact windows, and freshly painted. Additional upgrades include PVC plumbing, electric panels, and hot water heaters. The property is located on the west side of Military Trail and is just a block from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. The asset is conveniently located west of I-95, east of Military Trail, and north of Sample Rd. Sample Road leads into the renowned Deerfield beaches just to the east of the property. Within minutes of walking, you can access the shops and restaurants of Deerfield Beach. Additionally, Deerfield Beach Manor is located in one of the fastest-growing markets in Broward County due to it being a favorite spot for local natives. The investment opportunity consists of a unit mix of (4) one-bed one-bathroom, (6) two-bed one-bathroom, & (4) two-bed two bathroom totaling approximately 10,000 SF. The property boasts amenities such as luxurious interior finishes, laundry on-site and a large tropical courtyard. Deerfield Beach Manor offers an investor the opportunity to purchase an unbelievably located renovated asset with ability to increase rents in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing cash flow day one with the ability to own a low management-intensive asset in a location that simply cannot be beaten.
Property highlights
- Sold $3,100,000 Which Represents A $221,428 Price Per Door Price Point
- Franklin Street Represented Both Seller & Buyer
- Within 30 Days Of Exclusively Listing The Property Went Under Contract
- Located Near Sample Rd & Military Trail Providing Easy Access To Any Major Highways