Bought with RE/MAX House of Real Estate
$3,299,000
$3,299,000
For more information regarding the value of a property, please contact us for a free consultation.
641 SE 20th AVE Deerfield Beach, FL 33441
16 Baths
6,999 SqFt
Key Details
Sold Price $3,299,000
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 6,999 sqft
Price per Sqft $471
MLS Listing ID RX-10435129
Sold Date 05/22/19
Construction Status Resale
Year Built 1963
Annual Tax Amount $28,877
Tax Year 2017
Lot Size 0.320 Acres
Property Sub-Type Hotel-Motel
Property Description
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!
Location
State FL
County Broward
Area 3111
Zoning RM25
Interior
Heating Electric, Window/Wall
Cooling Ceiling Fan, Electric, Wall-Win A/C
Flooring Ceramic Tile, Concrete, Marble
Fireplaces Type Smoke Alarm
Exterior
Utilities Available 110, 220, Public Water
Roof Type Other,Wood Joist
Building
Story 100.00
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP