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223 SW 5th Ct - Turnkey 4-Unit Investment in Deerfield Beach 4 Unit Apartment Building Offered at $1,173,743 CAD at a 8% Cap Rate Deerfield Beach, FL 33441
INVESTMENT HIGHLIGHTS
- All 2 Bedroom/1 Bath Units with rents at $1900
- Minutes from the Beach and Boca Raton!
- Coin laundry facility bringing in extra income!
- Well Maintained and Renovated 4plex in a great neighborhood!
- 8% cap rate!
EXECUTIVE SUMMARY
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!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$124,674
|
$51.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,674
|
$51.26
|
| Taxes |
$13,894
|
$5.71
|
| Operating Expenses |
$16,879
|
$6.94
|
| Total Expenses |
$30,773
|
$12.65
|
| Net Operating Income |
$93,901
|
$38.61
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $124,674 |
| Annual Per SF | $51.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $124,674 |
| Annual Per SF | $51.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,894 |
| Annual Per SF | $5.71 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,879 |
| Annual Per SF | $6.94 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $30,773 |
| Annual Per SF | $12.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $93,901 |
| Annual Per SF | $38.61 |
PROPERTY FACTS
| Price | $1,173,743 CAD | Property Type | |
| Price Per Unit | $293,436 CAD | Building Size | 2,432 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 8% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1960 |
| Price | $1,173,743 CAD |
| Price Per Unit | $293,436 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 4 |
| Property Type | |
| Building Size | 2,432 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
SITE AMENITIES
- Laundry Facilities
- Picnic Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,627 CAD | - |
| 2+1 | 2 | $2,627 CAD | - |
| 2+1 | 3 | $2,627 CAD | - |
| 2+1 | 4 | $2,350 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 48-42-01-04-0960 | Total Assessment | $524,968 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $13,894 CAD ($5.71 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
48-42-01-04-0960
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$524,968 CAD (2025)
Annual Taxes
$13,894 CAD ($5.71 CAD/SF)
Tax Year
2024
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223 SW 5th Ct - Turnkey 4-Unit Investment in Deerfield Beach
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