Excellent income-producing duplex in Deerfield Beach generating $4,400/month in gross rental income. Property features two 2BR/1BA units, both fully rented and upgraded. Offering immediate cash flow from day one. Well-maintained with updated interiors and strong tenant demand in a desirable Broward County location. Currently configured and operated as a duplex; zoning and future-use potential may allow redevelopment or expansion up to nine (9) units (buyer to verify with the City). Ideal opportunity for investors seeking stable income with long-term upside. Do not disturb tenants.
310 NE 38th St, Deerfield Beach, FL, 33064
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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