Deerfield Beach Duplex | 1426 SE 3rd Ter
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Deerfield Beach Duplex 1426 SE 3rd Ter
2 Unit Apartment Building $825,959 CAD ($412,979 CAD/Unit) 7.05% Cap Rate Deerfield Beach, FL 33441
Investment Highlights
- Tenants Pay Thier Own Utiliies
- Roof Is Around 11 Years Old
- Units Need TLC
- Price For Quick Sale
Executive Summary
Amazing Investment Opportunity In The Heart Of Deerfield Beach, POTENTIAL CAP RATE OF 7.0+! This Large Duplex Is Perfectly Located Just Minutes To Sandy Beaches, Shopping & Entertainment. Each Unit Offers A Spacious 2-Bedroom, 1-Bath Layout, Florida Room Were Previously Converted To Accommodate A Third Bedroom. Both Units Feature Living Area, Full Kitchen, Washer, Dryer Hookups, Enclosed Patio, & Private Fenced Yards. Roof Is 11+- Years. Tenants Pay All Utilities, Including Water, Electric, & Trash. Potential Income Is $2300+ per unit. Totaling $55,200. Expenses Include Taxes($7,719)Insurance(Estimate)($6000)Lawn($960) Totaling $14,679 For A Potential Net Of $40,521. Units Are In Need Of Some TLC, And Priced Accordingly. This Is Definitely the Diamond In The Rough You've Been Looking For!
Financial Summary (Pro forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$79,292
|
$41.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,292
|
$41.56
|
| Taxes |
$11,088
|
$5.81
|
| Operating Expenses |
$9,998
|
$5.24
|
| Total Expenses |
$21,086
|
$11.05
|
| Net Operating Income |
$58,206
|
$30.51
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $79,292 |
| Annual Per SF | $41.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $79,292 |
| Annual Per SF | $41.56 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,088 |
| Annual Per SF | $5.81 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,998 |
| Annual Per SF | $5.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,086 |
| Annual Per SF | $11.05 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $58,206 |
| Annual Per SF | $30.51 |
Property Facts
| Price | $825,959 CAD | Apartment Style | Low Rise |
| Price Per Unit | $412,979 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 1,908 SF |
| Cap Rate | 7.05% | Average Occupancy | 0% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment |
| Price | $825,959 CAD |
| Price Per Unit | $412,979 CAD |
| Sale Type | Investment |
| Cap Rate | 7.05% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.17 AC |
| Building Size | 1,908 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1970 |
Site Amenities
- Guest Apartment
- Green Community
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,304 CAD | 954 |
1 of 1
zoning
| Zoning Code | RM-10 (RESIDENTIAL, MULTI-FAMILY) |
| RM-10 (RESIDENTIAL, MULTI-FAMILY) |
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Deerfield Beach Duplex | 1426 SE 3rd Ter
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