Ocean Villas of Deerfield · • Professionally managed and maintained, impeccable asset! • Fully...

Ocean Villas of Deerfield

Martin Goldstein Russell Goldstein561-310-0935 561-503-3648 The-Goldstein-Group.com

715 SE 20th Ave, Deerfield Beach, FL 33441

Comprising 21 units 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, turn-key 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 on-site 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!


“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.”

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:

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 of DeerfieldOverview

US Hwy 1

Atlantic Ocean

Ocean Villas of Deerfield


Asset Overview:• Capitalization Rate: 6.74%

• Please note: This cap rate is based on a Trailing 12 financial that includes a periodduring Oct-Nov 2016 where several unitswere taken offline for full renovation. Full occupancy remainder of year.

• Projected 2017 ROI Well over 10%!!• Price: $3,500,000• 715 SE 20th Ave, Deerfield Bch FL• 21 Units

• 14 1BR 1BA• 6 Efficiencies• 1 2BR 2 BA

• Additional 2 bedroom unit (22nd unit) is currently used as a storage unit – can be converted to rentable condition easily.

• 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!

Ocean Villas At DeerfieldHighlights and Location Map

Palm Beach, Jupiter, Port St. Lucie

Miami, FL Keys

Hillsboro Blvd

SR A1A

Downtown Deerfield Beach


Ocean Villas of DeerfieldAerial View

Atlantic Ocean


Ocean Villas of DeerfieldFinance

Offered at $3,500,000

Current Cash-on Cash Return: 14.21%

Current Cap Rate: 6.74% Market Cap Rate: 8.46%

Market Cash-on Cash Return: 21.10%

Property underwent extensive renovations in early 2016, 2-3 months prior to the South Florida 2016/2017 tourism season (Nov-Apr), and the Sales income in the “Current” heading reflects several down units at any given time for the first part of that year. "Projected 12 month" column shows how the property operates presently for a given 12month period (including on and off season months)


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:

Martin Goldstein, Lic. Real Estate Broker

[email protected]

561-310-0935

Russell Goldstein

[email protected]

561-503-3648

Ocean Villas of Deerfield · • Professionally managed and maintained, impeccable asset! • Fully...

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