$650,000
SOLD JUN 10, 2025
-- Bed
-- Bath
2,405 Sq Ft
6,000 Sq Ft Lot

Recently Sold

$270 Per Sq Ft

8% Below List Price

46 Days on Market

Highlights

  • Water Views
  • Vinyl Flooring
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

Unlock the potential of this prime multifamily investment--One, 4-unit buildings located just east of I-95 in the heart of Deerfield Beach. The property offers a total of 4 units, comprised of two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units.This is a true value-add opportunity with plenty of upside through renovations and potential rent increases. With strong rental demand in the area and continued growth in East Deerfield, this asset is well-positioned for long-term appreciation and stable cash flow.Perfect for investors seeking a strategic long-term hold in one of South Florida's rapidly evolving submarkets. Close to major transportation, employment centers, and just minutes from the beach.

Last Agent to Sell the Property

Kyle Retamar

Sutter & Nugent LLC License #3421319 Listed on: 04/25/2025

Sutter & Nugent LLC

Last Buyer's Agent

Ashley Baillio

Blue Realty Team, LLC License #3376208

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,898

Year Built

  • Built in 1959

Lot Details

  • 6,000 Sq Ft Lot

Home Design

  • Fixer Upper
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,405 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Water Views

Schools

  • Deerfield Park Elementary School
  • Deerfield Beach Middle School
  • Deerfield Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 484201060091
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units
  • Westwood Gardens Subdivision

Building Details

  • Operating Expense $29,634
  • Net Operating Income $102,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,898

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: East on Hillsboro from I-95, Right on SW 2nd street, then first right on SW 1st Terrace, property in on the right.
  • Year Built: 1959
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Vinyl
  • Living Area: 2405.0

Exterior Features

  • Exterior Features: None
  • View: Other, Water
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale, Fixer
  • Roof: Composition, Shingle

Utilities

  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Deerfield Park
  • High School: Deerfield Beach
  • Middle Or Junior School: Deerfield Beach

Lot Info

  • Parcel #: 484201060091
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 6000.0
  • Zoning Description: RS-7

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 102366.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 29634.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6898.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2013
Sold by
Placing Gold Coast Concrete and Brown Albert C
Bought by
First & Last Enterprises Llc
Total Days on Market
46

Purchase Details

Closed on
Apr 1, 2011
Sold by
Associati Westdide Deerfield Businessmen
Bought by
Placing Gold Coast Concrete

Purchase Details

Closed on
Feb 23, 2011
Sold by
County Of Broward
Bought by
Placing Gold Coast Concrete
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Attorney
Quit Claim Deed -- Attorney
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $46,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $705,000 -- $293 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,898 $183,170 -- --
2024 $6,541 $183,170 -- --
2023 $6,541 $151,390 $0 $0
2022 $5,820 $137,630 $0 $0
2021 $3,703 $125,120 $0 $0
2020 $3,544 $156,170 $36,000 $120,170
2019 $3,289 $135,920 $36,000 $99,920
2018 $2,726 $109,880 $36,000 $73,880
2017 $2,567 $85,470 $0 $0
2016 $2,412 $77,700 $0 $0
2015 $2,284 $70,640 $0 $0
2014 $2,141 $64,220 $0 $0
2013 -- $61,010 $36,000 $25,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11084702

BeachesMLS

APN: 48-42-01-06-0091