1986 NE 5TH St, deerfield beach, fl
1986 NE 5th St, Deerfield Beach, FL
PROJECT DESCRIPTION: 1986 NE 5th St is one block from the ocean and Deerfield Beach Pier. The property sits in a popular tourist destination; a vibrant, walkable area with restaurants, shops, and nightlife. The development had a large shared backyard. By investing and maximizing this area we have made the units more desirable.
In March of 2021 we made a strategic decision to sell this property, which was one of JEL’s better performing assets. The property was sold for full asking price in less than 60 days from listing to close.
JEL Development achieved an excellent, above average ROI and has since repositioned the proceeds into newer projects.
DEVELOPER: JEL Development
COMPLETION YEAR: 2016
STATUS: Completed & sold
PROJECT METRICS:
- Completed in time?: Yes
- ROI: 25-30%
- CAP rate: 11%
- Cash-on-cash return: 11%
INVESTMENT OPPORTUNITY?: Contact us for more information.
