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DUPLEX BLDING- 4 units - 2,390 SQ.FT. 96 SE 3rd Ave 4 Unit Apartment Building $879,000 ($219,750/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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,800
|
$32.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,800
|
$32.83
|
| Taxes |
$8,150
|
$3.40
|
| Operating Expenses |
$19,000
|
$7.92
|
| Total Expenses |
$27,150
|
$11.31
|
| Net Operating Income |
$51,650
|
$21.52
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $78,800 |
| Annual Per SF | $32.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $78,800 |
| Annual Per SF | $32.83 |
| Taxes | |
|---|---|
| Annual | $8,150 |
| Annual Per SF | $3.40 |
| Operating Expenses | |
|---|---|
| Annual | $19,000 |
| Annual Per SF | $7.92 |
| Total Expenses | |
|---|---|
| Annual | $27,150 |
| Annual Per SF | $11.31 |
| Net Operating Income | |
|---|---|
| Annual | $51,650 |
| Annual Per SF | $21.52 |
Property Facts
| Price | $879,000 | Apartment Style | Garden |
| Price Per Unit | $219,750 | 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 | $879,000 |
| Price Per Unit | $219,750 |
| 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 | $4,450 | - |
| Studios | 2 | $2,000 | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 48-43-06-07-0400 | Total Assessment | $433,540 (2026) |
| Land Assessment | $53,780 (2026) | Annual Taxes | $8,150 ($3.40/SF) |
| Improvements Assessment | $379,760 (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
48-43-06-07-0400
Land Assessment
$53,780 (2026)
Improvements Assessment
$379,760 (2026)
Total Assessment
$433,540 (2026)
Annual Taxes
$8,150 ($3.40/SF)
Tax Year
2024
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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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