Ocean Villas of Deerfield

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Chester Floyd
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1 Ocean Villas of Deerfield 715 SE 20 th Ave, Deerfield Beach, FL 33441

Ocean Villas of Deerfield Overview Comprising 23 units (plus a storage unit formerly a 24th unit) in the most desirable part of Deerfield Beach, Ocean Villas is perfectly positioned to take advantage

Currently operated as a short/long term vacation rental, these units command premium rents while simultaneously offering luxurious coastal living experiences to tenants at relatively affordable rates.

2 Ocean Villas of Deerfield Overview Comprising 23 units (plus a storage unit formerly a 24th unit) in the most desirable part of Deerfield Beach, Ocean Villas is perfectly positioned to take advantage of the luxury resort-like lifestyle South Florida offers. From both an ownership and user perspective, these units present an outstanding value proposition. Currently operated as a short/long term vacation rental, these units command premium rents while simultaneously offering luxurious coastal living experiences to tenants at relatively affordable rates. Expertly managed and ideally positioned, with concrete block and stucco construction throughout, Ocean Villas offers a stable, turnkey investment opportunity with very good long term upside with excellent projected market growth. Vacation rentals are extremely viable in this particular area of South Florida, as the entire surrounding area is geared toward coastal tourism. With beautiful beaches immediately across State Road A1A, world-famous dining and shopping mere minutes from the property, and a generally well kept, beautiful locale, Ocean Villas needs absolutely nothing to continue operating as a stable investment with very strong growth potential. All units are beautiful furnished and decorated. Linens are provided to guests and serviced at regular intervals using a dedicated onsite laundry specifically for the building s cleaning staff. Guests also have access to a separate, common laundry. An on-site office staffed during regular business hours means guests enjoy a luxurious level of service and convenience, creating enormous value for users and owners alike! According to a widely-quoted, well-respected quarterly report last published in June 2017 by the University of Central Florida s Institute for Economic Competitiveness: Economic and job growth in Florida are forecasted to continue to outperform the U.S. labor market and more Baby Boomers continue to reach the end of their working lives. This bodes well for continued population growth via the in-migration of retirees and job seekers to Florida. The population of Florida is also growing naturally, as birth rates exceed death rates. In addition to these sources of domestic population growth, international immigration will also feed into the state s population growth. With population growth comes increased demand for affordable, quality rental housing. Robust CBS construction ensures long-term reliability and relative ease of maintenance over the long term.

Ocean Villas At Deerfield Highlights and Location Map US Hwy 1 Hillsboro Blvd Ocean Villas of Deerfield SR A1A Downtown Deerfield Beach Miami, FL Keys Palm Beach, Jupiter, Port St.

3 Ocean Villas At Deerfield Highlights and Location Map US Hwy 1 Hillsboro Blvd Ocean Villas of Deerfield SR A1A Downtown Deerfield Beach Miami, FL Keys Palm Beach, Jupiter, Port St. Lucie Atlantic Ocean Asset Overview: Trailing 12 Cap Rate: 8.31% Projected 2017 ROI over 9%!! Price: $3,450, SE 20 th Ave, Deerfield Bch FL 23 Units 16 Large Efficiencies (Full kitchen) 4 1 BR/1BA 3 Motel Rooms 1 2BR 2 BA Additional 2 bedroom unit (24th unit) is currently used as a storage unit being currently renovated for occupancy. Vending facilities scheduled for addition Additional revenue! Nearly $225,000 in CapEx over the last 18 months Fully operating! Beach Access road leads directly to property, creating a corridor that protecting sea views from the second floor indefinitely (see aerial). Durable CBS Construction Other capital improvements include: All new high end landscaping! Guest services provided! Complete exterior repaint Extensive interior renovations. Resurfaced and restriped parking lots Ideally located close to: World famous beaches Downtown Deerfield Beach Hillsboro Beach and the world famous Hillsboro Mile Downtown Ft Lauderdale Professionally managed and maintained, impeccable asset! Fully equipped on-site leasing office! Excellent capitalization rate, combined with massive near and long term upside. Excellent flexibility can do any combination of short and long term rentals, to fit any investment model!

4 Ocean Villas of Deerfield Aerial View Atlantic Ocean

Ocean Villas of Deerfield Finance Current Cap Rate: 8.

04% A 24th 1BR unit on-site, previously occupied but

5 Ocean Villas of Deerfield Finance Current Cap Rate: 8.31% Market Cap Rate: 9.08% Current Cash-on Cash Return: 18.06% Market Cash-on Cash Return: 21.04% A 24th 1BR unit on-site, previously occupied but now used for miscellaneous storage, is to be renovated and added to the rent roll. Pro-forma includes income from this 24 th Unit. Ownership has also added vending facilities to the property as of mid-year Offered at $3,450,000

Contact Listing Agents For more information or to schedule a property tour please do not hesitate to contact us at the numbers and/or email addresses below:

10 Contact Listing Agents For more information or to schedule a property tour please do not hesitate to contact us at the numbers and/or addresses below: Martin Goldstein, Lic. Real Estate Broker Martin@TheGoldsteinRealEstateGroup.com Russell Goldstein Russell@TheGoldsteinRealEstateGroup.com

Ocean Villas of Deerfield

Ocean Villas of Deerfield 715 SE 20 th Ave, Deerfield Beach, FL 33441 Ocean Villas of Deerfield Overview Comprising 21 units in the most desirable part of Deerfield Beach, Ocean Villas is perfectly positioned