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DUPLEX BLDING- 4 units - 2,390 SQ.FT. 96 SE 3rd Ave 4 Unit Apartment Building $1,211,701 CAD ($302,925 CAD/Unit) 5.87% Cap Rate Deerfield Beach, FL 33441
INVESTMENT HIGHLIGHTS
- Original duplex converted into two 2BR/1BA units and two studios
- Newer roof, A/C units, and PVC sewer line replacements
- Located just two miles from public beach access
- Remodeled interiors with all-tile flooring and updated kitchens
- Two laundry rooms with washer and dryer included
- Steady income with sufficient parking and low-maintenance setup
EXECUTIVE SUMMARY
well maintained apartments with steady income,, newer roof and a/c/ units, remodeled interiors, all tiled floors, original duplex building devided into two 2Br/1Ba units and two studio apts. with each 1 BR+ 1 full bath; two laundry rooms with 2 washer & 2 dryer, cast iron sewer lines replaced with PVC, sufficient parking, located near Fed. Hwy/ Hillsboro Blvd., just two miles from public beach access.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$108,626
|
$45.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,626
|
$45.26
|
| Taxes |
$11,235
|
$4.68
|
| Operating Expenses |
$26,191
|
$10.91
|
| Total Expenses |
$37,426
|
$15.59
|
| Net Operating Income |
$71,200
|
$29.67
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $108,626 |
| Annual Per SF | $45.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $108,626 |
| Annual Per SF | $45.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,235 |
| Annual Per SF | $4.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,191 |
| Annual Per SF | $10.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,426 |
| Annual Per SF | $15.59 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $71,200 |
| Annual Per SF | $29.67 |
PROPERTY FACTS
| Price | $1,211,701 CAD | Apartment Style | Garden |
| Price Per Unit | $302,925 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.87% | Building Size | 2,400 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2018 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | MULTIFAILY 2-9 UNITS, LAC - 08/ MULTIFAILY 2-9 UNITS, ZONING LAC | ||
| Price | $1,211,701 CAD |
| Price Per Unit | $302,925 CAD |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2018 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | MULTIFAILY 2-9 UNITS, LAC - 08/ MULTIFAILY 2-9 UNITS, ZONING LAC |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Attic
- Breakfast Nook
- Family Room
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $6,134 CAD | - |
| Studios | 2 | $2,757 CAD | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (73)
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Presented by
Ocean Realty Group Inc
DUPLEX BLDING- 4 units - 2,390 SQ.FT. | 96 SE 3rd Ave
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