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About This Home
This 6-bedroom, 0-bathroom residential multi family at 1944 NE 5th Street in Deerfield Beach, FL is listed for $2,299,000 ($902 per sqft). Built in 1947, the home offers 2,549 sqft of living space on a N/A lot.
Only two blocks from the beach, this well established resort and amazing cash producing property is one of the most sought after spots for short stays in the area. It already has bookings for next season while still offering a lot of future opportunities for growth and increased income.
Officially a fourplex, with a 2/2 that is split into a 1/1 with full kitchen and bathroom and a studio, also with full kitchen & bathroom, it rents as 1 single family home and 4 villas. The Island Resort offers many avenues for investment and future development in A+ prime location in gorgeous South East Florida. Great investment opportunity! The Island Resort at Deerfield Beach has been running as a short term rental property for the last three years with hundreds of 5 star reviews online.
Key Features
- Built in 1947
Property Details
Amenities
Monthly Cost Estimate
$12,296/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1944 NE 5th Street
Deerfield Beach, FL 33441
Ocean Vue 3-34 B
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Questions & Answers
This 6-bedroom, 0-bathroom residential multi family at 1944 NE 5th Street is listed at $2,299,000 ($902/sqft). The estimated monthly payment is $9,962 based on 20% down at 6.5% interest.
Key features include: Built in 1947. Exterior Features: Courtyard.
This property is listed by Mariela Lechin PA and can be reached at 9547705249 or mariela.lechin@gmail.com.