Ocean Vue Residences - Six Unit Multi-Family

1932 Northeast 7th Street,
Deerfield Beach, FL 33441

Asset Snapshot

N/A

Multifamily Subtype

1971

Year Built

Floor Count

Building Count

Parking Spots

0.16 Acres

Land Area

6 Units

Unit Count

2,868 SF

Property Size

100%

Occupancy

Offering Summary

Investment Overview

1932 NE 7th Street Deerfield Beach, Florida 33441 Fully Occupied Six-Unit Multifamily Investment Opportunity 1932 NE 7th Street offers a rare opportunity to acquire a fully occupied six-unit multifamily property in highly desirable East Deerfield Beach, approximately two blocks from the beach and Deerfield Beach International Fishing Pier. The property consists of three one-bedroom/one-bath residences and three studio/one-bath residences, providing a diversified unit mix within a manageable boutique multifamily asset. All six apartments are currently occupied, allowing a purchaser to acquire an established operating property with an existing tenant base. Each residence includes its own private kitchen and bathroom, with a combination of central and individual air-conditioning systems throughout the building. Apartment features include electric water heaters, full-size stoves, refrigerators and microwaves in several units. The property also provides a common washer and dryer at the rear of the building, while one of the one-bedroom apartments includes its own private in-unit washer and dryer. Separate electric metering and on-site parking further enhance the property's functionality as a multifamily investment. Investment Positioning 1932 NE 7th Street should be viewed as more than simply a six-unit apartment building. The property combines an established, fully occupied multifamily asset with an increasingly difficult-to-replicate coastal location. Small multifamily properties within walking distance of the beach are limited in supply, and the combination of six individual residences, multiple unit types, existing occupancy and East Deerfield Beach walkability creates an opportunity that is difficult to reproduce. For an investor seeking a boutique South Florida multifamily asset, 1932 NE 7th Street offers an attractive combination of: Established occupancy. Diversified unit mix. Manageable six-unit scale. Coastal location. Walkability. Long-term ownership potential. Marketing Headline Fully Occupied Six-Unit Multifamily Property – Approximately Two Blocks From Deerfield Beach & the Pier A boutique multifamily investment opportunity offering six occupied residences in one of East Deerfield Beach's most desirable coastal locations, within walking distance of the Atlantic Ocean, International Fishing Pier, beachfront dining, recreation and entertainment. Beachfront Dining, Entertainment & Lifestyle The Deerfield Beach beachfront district has developed into one of the city's most attractive destinations for dining, entertainment and recreation. Residents of 1932 NE 7th Street can enjoy the coastal lifestyle without having to drive from a more distant neighborhood. The ability to leave the property and walk to the ocean, pier, restaurants and entertainment is an important lifestyle benefit for current and future tenants. Nearby The Cove provides additional waterfront restaurants, shopping, boating activity and neighborhood services, while Hillsboro Boulevard offers convenient connections to Federal Highway, I-95 and the surrounding South Florida market. The property is also ideally positioned between Boca Raton to the north and Pompano Beach to the south, providing convenient access to employment, shopping, dining and entertainment throughout both Broward and Palm Beach Counties. Investment Opportunity to turn the entire six plex into an Air BNB rental income, see below for that scenario: Potential Short-Term Rental Upside Subject to confirmation of City of Deerfield Beach zoning, licensing and vacation-rental requirements, the property's six-unit configuration and approximately two-block proximity to Deerfield Beach and the International Fishing Pier may provide an alternative short-term-rental strategy. Under an illustrative 85% occupancy scenario, with estimated average nightly rates of approximately $175 for studio residences and $200 for one-bedroom residences, the property could potentially generate approximately $349,000 in annual gross short-term-rental revenue before operating expenses. This scenario is presented for analysis purposes only and is not a representation that short-term rental use is currently permitted or that the projected occupancy or rental rates will be achieved.