641 SE 20th Deerfield Beach, FL 33441

SOLD FOR
$3,299,000
$3,595,000 (8.2%)

Overview

  • Status: Closed
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 6,999 ft2/650.23 m2
  • Price Per: $471.00 ft2/$5,073.60 m2
  • Type: Commercial/Investment
  • Built: 1963
  • HOA: No info
  • MLS Number: RX-10435129
  • View No info
  • On Site: 2,257 days
  • Updated: Listing Refreshed: 1591 Days Ago

INCREDIBLE PRICE OF ONLY $3,299,000!!! 10% CAP RATE!!!! HUGE CASH COW!!! ZONED RM25 SO BUILD UP TO ''5 STORIES TALL'' WITH OCEAN VIEWS! ONCE IN A LIFETIME OPPORTUNITY TO BUY THIS TOTALLY REMODELED MULTI-FAMILY/VACATION RENTALS/HOTEL PROPERTY NEXT TO THE BEACH IN HIGHLY DESIRABLE DEERFIELD BEACH! STEPS FROM THE BEACH WHERE THE BEACHES ARE PRISTINE, SAFE, & FAMILY ORIENTED! THIS PROPERTY IS IN PERFECT CONDITION! THIS PROPERTY HAS REPEAT CLIENTELE & STAYS FULL ALL YEAR LONG! UNITS HAVE FULL KITCHENS & SPACE FOR BIG FAMILIES. THE GUESTS ENJOY A HUGE POOL & BARBECUE AREA! THIS PROPERTY IS THE ''GEM'' OF DEERFIELD BEACH & PEOPLE STAY HERE FOR MONTHS & EVEN YEARS! THE GUESTS CAN WALK TO THE WORLD FAMOUS DEERFIELD BEACH PIER & JB'S ON BEACH RESTAURANT. SOLD AS-IS. TOURISTS PAY $4,000+/MONTH HERE!

Price History

DateEventPriceChange RatePrice Per
05/22/2019Sold$3,299,000.00$471.35 ft2/$5,073.60 m2
N/APrice Reduced$3,299,000.008.2%$471.35 ft2/$5,073.60 m2
05/28/2018Listed$3,595,000.00$513.64 ft2/$5,528.83 m2

Contact Information

Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
Contact Advisor
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