Emerald Cove Apartments | 1649 SE 4th St
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Emerald Cove Apartments 1649 SE 4th St
13 Unit Apartment Building $4,250,000 ($326,923/Unit) 5.13% Cap Rate Deerfield Beach, FL 33441
Investment Highlights
- PERFECT for conversion to short term vacation rental!!
- UNDER market rents (purchase price is firm)
- Proforma NOI for short term rental $295,000
Executive Summary
8,018 SF Multi-Family 13 unit Apartment Building - for SALE in Deerfield Beach FL Located in a PRIME first class area! Within walking distance and BLOCKS to the BEACH, 16 restaurants, shopping and a Marina! IDEAL for conversion to Short Term and Vacation RENTAL! (2 TWO BR and 11 ONE BR) Most Units improved and renovated! 24 Tandem parking spaces On 12,623 SF Land (FAR ratio .63) Zoned RM-15
UNDER MARKET RENTS!! Plenty of room on the upside to increase rents
CONVERSION POTENTIAL - FANTASTIC Location for short term rentals. Increase income multiple times! EMAIL for pro-forma and analysis
(Note: Price is FIRM) 2.5% SO - see LINK to property website uniwebcommercial dot com
UNDER MARKET RENTS!! Plenty of room on the upside to increase rents
CONVERSION POTENTIAL - FANTASTIC Location for short term rentals. Increase income multiple times! EMAIL for pro-forma and analysis
(Note: Price is FIRM) 2.5% SO - see LINK to property website uniwebcommercial dot com
Property Facts
| Price | $4,250,000 | Building Class | C |
| Price Per Unit | $326,923 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 8,018 SF |
| Cap Rate | 5.13% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 2.99/1,000 SF |
| Apartment Style | Low Rise |
| Price | $4,250,000 |
| Price Per Unit | $326,923 |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,018 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.99/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Kitchen
- Refrigerator
- Range
- Freezer
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 3 | - | - |
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 48-43-05-08-1110 | Improvements Assessment | $2,429,410 |
| Land Assessment | $100,000 | Total Assessment | $2,529,410 |
PROPERTY TAXES
Parcel Number
48-43-05-08-1110
Land Assessment
$100,000
Improvements Assessment
$2,429,410
Total Assessment
$2,529,410
zoning
| Zoning Code | RM-15 (Multi family) |
| RM-15 (Multi family) |
-
Albert Comulada -
Uniweb Commercial, Inc.
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Emerald Cove Apartments | 1649 SE 4th St
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