Cays Realty
505 NE 20 Avenue 217, Deerfield Beach, FL 33441 — MLS photo

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505 NE 20 Avenue 217, Deerfield Beach, FL 33441

Active · Condominium

$374,999

505 NE 20 Avenue 217, Deerfield Beach, FL 33441

Beds
2
Baths
2
Living area
1,427 sq ft
$ / sq ft
$263/sq ft
Year built
1979
Lot size
—
HOA fee
$700 Monthly
Annual tax
$7,258

About this property

TENANT IN PLACE! PERFECT FOR INVESTOR WITH 1031! 1 block to Beach, pier & Boardwalk. OK to lease 4 times per year! 1425 sq ft is unique in itself. Complete with Hurricane Impact Windows. Eat in Kitchen updated with granite counter tops and stainless steel appliances. Tiled living areas and vinyl wood flooring in both HUGE bedrooms. 1/2 bath entry level great for guests. TONS of storage or room to expand. Buyer can add a private washer/dryer in unit or use laundry on site. Plenty of space in this condo for buyer to add an additional shower too. 2 assigned parking spaces. Beach Lovers will not want to pass this up. OK to lease 4 times annually. Pet friendly. Second floor entry. Unique layout. Bring your surf board. This is a prime DFB Island location. Do not disturb tenant.

Property location

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505 NE 20 Avenue 217, Deerfield Beach, FL 33441

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,427 sq ft
Flooring
Carpet, Ceramic Tile, Hardwood, Wood
Appliances
Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Eat In Kitchen, Kitchen Dining Combo, Split Bedrooms, Tub Shower, Upper Level Primary, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
1979
Stories
2
Lot size
0 sq ft
Construction
CBSConcrete Block Structure, Block, Pre Cast Concrete
Exterior features
Balcony, Lighting
View
Other, Water

Parking

Covered spaces
0
Parking features
Assigned

HOA, Community & Financials

Association fee
$700 Monthly
Fee inclusions
Legal Accounting, Reserve Fund, Roof, Sewer, Trash, Water
Amenities
Bike Storage, Other
Security
Other
Pets allowed
No
Annual tax
$7,258
Subdivision
505 Deerfield
County
Broward
Days on market
288
MLS listing ID
F10538981
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$61

Cap rate
5.5%
Net yield
5.5%
Cash-on-cash return
-0.7%
Gross yield
11.5%
Mortgage payment
$1,778/mo
Down payment
$93,750
Loan amount
$281,249
Annual NOI
$20,597

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.