Renovated Two-Unit
For Sale
$789,995
Pending
404 SE 6th Avenue, Deerfield Beach, FL 33441
Two residential units include a two-bedroom, two-bath main residence and a one-bedroom, one-bath rental unit.
Property Size2,372 SF
Days on Market107
Property Features for 404 SE 6th Avenue
General Information
Standard status
Pending
Size
2,372 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,215
Amenities
pool
screened-in patio
Building Details
Building Size
2,372 SF
Year Built
1979
Listing Agency:
Dynasty Realty Group Inc
Listed By:
Christine A Ferrara · License #3238230
(617) 816-8861
Source:
Pamandtoni
Added: Jul 17
Changed: Oct 31
Last Checked: Oct 30 at 9:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dynasty Realty Group Inc
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Investment Insights
Based on property information with market context.
This 2,372-square-foot duplex, built in 1979, includes a fully renovated main unit with 2 bedrooms and 2 full bathrooms, along with a second unit featuring 1 bedroom and 1 full bathroom. The two-unit configuration supports an owner-occupied or rental-oriented residential setup, as described in the property information.
Outdoor improvements include a sizable tiled pool, a low-maintenance artificial grass area, and a spacious screened-in patio suited for year-round outdoor living. The property is located at 404 SE 6th Avenue in Deerfield Beach, Florida, minutes from the beach, restaurants, and local hotspots.
Outdoor improvements include a sizable tiled pool, a low-maintenance artificial grass area, and a spacious screened-in patio suited for year-round outdoor living. The property is located at 404 SE 6th Avenue in Deerfield Beach, Florida, minutes from the beach, restaurants, and local hotspots.
Key Highlights
- Fully renovated main unit with 2 bedrooms and 2 full bathrooms
- Second unit includes 1 bedroom and 1 full bathroom
- 2,372‑square‑foot duplex built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,541
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,820
$790.8K
Cap Rate 7%
$564,871
$564.9K
Cap Rate 9%
$439,344
$439.3K
Market Conditions
NOI Build-Up for 2,372 SF
Gross rent
$59.8K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.5K $23.81/SF
− OpEx
−$16.9K −$7.14/SF
NOI
$39.5K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,820
Cap Rate 7%
$564,871
Cap Rate 9%
$439,344
Alternative Uses
Best Use
Multifamily LT 5
$564.9K
$494.3K – $659.0K
NOI $39,541 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,239 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,404
Businesses Nearby
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Business Placement
Demographics for 33441, FL
29,311
Population
15,225
Households
1.9
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,106
Density / Sq Mi
$57,257
Median Household Income
$35,163
Median Earnings
$1,544
Median Rent
$381,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a two-bedroom, two-bath main residence and a one-bedroom, one-bath rental unit.
Where is this duplex located?
The property is located at 404 SE 6th Avenue Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $789,995.
What are key features of this property?
This property features: Fully renovated main unit with 2 bedrooms and 2 full bathrooms; Second unit includes 1 bedroom and 1 full bathroom; 2,372‑square‑foot duplex built in 1979
