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Key Details
Sold Price $485,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,908 sqft
Price per Sqft $254
Subdivision Fairlawn 1St Add 43-31 B
MLS Listing ID F10479035
Style Duplex
Year Built 1969
Annual Tax Amount $7,265
Tax Year 2023
Property Sub-Type Duplex
Property Description
Amazing Investment Opportunity In The Heart Of Deerfield Beach, POTENTIAL CAP RATE OF 7.0+! This Large Duplex Is Perfectly Located Just Minutes To Sandy Beaches, Shopping & Entertainment. Each Unit Offers A Spacious 2-Bedroom, 1-Bath Layout, Florida Room Were Previously Converted To Accommodate A Third Bedroom. Both Units Feature Living Area, Full Kitchen, Washer, Dryer Hookups, Enclosed Patio, & Private Fenced Yards. Roof Is 11+- Years. Tenants Pay All Utilities, Including Water, Electric, & Trash. Potential Income Is $2300+ per unit. Totaling $55,200. Expenses Include Taxes($7,719)Insurance(Estimate)($6000)Lawn($960) Totaling $14,679 For A Potential Net Of $40,521. Units Are In Need Of Some TLC, And Priced Accordingly. This Is Definitely the Diamond In The Rough You've Been Looking For!
Location
State FL
County Broward County
Community Money Making Duplex
Area North Broward Us1 To Dixie Hwy (3311-3342)
Zoning RM-10
Interior
Heating Central Heat, Electric Heat
Cooling Central Cooling
Flooring Ceramic Floor
Exterior
Exterior Feature Fence, Room For Pool
Roof Type Other Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction, Cbs Construction
Sewer Municipal Sewer
Others
Acceptable Financing Cash, FHA, Owner Financing
Listing Terms Cash, FHA, Owner Financing
Special Listing Condition As Is
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Bought with Fidelity Real Estate Group LLC
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Ronaldo Domingos
Broker Associate | License ID: 3313768
Broker Associate License ID: 3313768