This listing was posted on Americanlisted.
$395,000
1060 SW 5th Terrace, Deerfield Beach, FL 33441
Price:
$395,000
BR/BA:
Studio
Location:
1060 sw 5th terrace, Deerfield Beach, FL
Description:
Hard to find investor special in the most sought after corner of Deerfield Beach! The landlord's surprise job relocation gifts you the rare chance to snatch up this light fixer upper for less than market value. Owner is motivated and will consider all offers. Nestled on a quiet side street only 3 miles from the beach and 2 miles from all the shopping, night life and Florida fun in the sun you can imagine, you couldn't ask for a better location. Whether as your new forever home, a quick flip or a ready to rent addition to your portfolio, this gem is priced to move fast. Pros: New refurbished AC one month old. WH 3 years old. Additional studio unit in back yard, currently used for storage, could be rented out for bonus passive income. Professionally maintained as a rental for 5 years, with service records available. Open floor plan with tile flooring throughout. Cons: Roof 15-20 years old. Needs new flooring and normal cosmetic interior rehab from tenant wear and tear. No appliances nor furniture included. Investor notes: Flip potential: $484k ARV, with new roof, kitchen upgrades and standard cosmetic rehab. Estimated 35-70k in work, and less than 1 month. Neighborhood market temperature: Hot, only 2.2 mos of inventory. LTR rental estimate: 3600 /mo, with only light competition nearby. STR estimate: $54.4k yrly gross, at $236/night, with estimated 63% occupancy. No HOA/CDD. Feel free to soft pitch offers to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a large downpayment. Full 2.5% cooperation with all agents if this is "not on my MLS." Just reach out to listing agent below for disclosures and MLS info sheet. Video walkthrough available.
Property Type:
Single-Family Houses
Amenities:
AC, Storage
For sale by:
Agent/Broker
Posted:
October 15 2023 on Americanlisted
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More About this Listing: 1060 SW 5th Terrace, Deerfield Beach, FL 33441
1060 SW 5th Terrace, Deerfield Beach, FL 33441 is a Studio Single-Family Homes for Sale at 1060 Sw 5th Terrace in Deerfield Beach FL. Find other listings like 1060 SW 5th Terrace, Deerfield Beach, FL 33441 and listings near 1060 Sw 5th Terrace by searching Oodle Classifieds for Studio Single-Family Homes for Sale in Deerfield Beach FL.
1060 SW 5th Terrace, Deerfield Beach, FL 33441 is a Studio Single-Family Homes for Sale at 1060 Sw 5th Terrace in Deerfield Beach FL. Find other listings like 1060 SW 5th Terrace, Deerfield Beach, FL 33441 and listings near 1060 Sw 5th Terrace by searching Oodle Classifieds for Studio Single-Family Homes for Sale in Deerfield Beach FL.