5390 NE 5th Ter | Deerfield Beach, FL 33064
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- LoopNet Team
5390 NE 5th Ter
Deerfield Beach, FL 33064
Deerfield Garden Condos · Multifamily Property For Sale
·
108 Units
INVESTMENT HIGHLIGHTS
- Unique Unit Mix: All 2-bed/1-bath units, with 26 fully renovated, 42 partially renovated, and 40 units remaining for upgrades. Renovated units featu
- Strong Rent Growth Proving Further Upside: Achieved 10.5% annualized average rent growth since October, with recent leases signed at $2,100 compared
- Insulated from South FL Supply Concerns: Deerfield Gardens is insulated from South Florida supply concerns, with zero market-rate properties under c
- $1.4M+ in Recent CapEx: The current owner has spent $1.4M in CapEx over the last two years.
- Strategic Location: Situated between I-95 and US-1, providing residents with excellent access to retail, dining, entertainment, and 40M SF of office
PROPERTY FACTS
| No. Units | 108 | Lot Size | 7.68 AC |
| Property Type | Multifamily | Building Size | 114,462 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | C | ||
| Zoning | RM-16, Pompano Beach - Multifamily | ||
| No. Units | 108 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.68 AC |
| Building Size | 114,462 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | RM-16, Pompano Beach - Multifamily |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 108 | - | 950 |
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