Property Description
Offering Memorandum – Click Here for Access https://property.creop.com/48449
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Property Description
Introducing Vista Court Flats, an exceptional opportunity to acquire a strategically positioned 25-unit multifamily asset in the highly sought-after coastal market of Deerfield Beach, Florida. Perfectly situated between Boca Raton and Fort Lauderdale in Broward County, this property represents a rare find in a supply-constrained environment. Per market research, there are only approximately 20 multifamily properties of this size (20-50 units) in the entire city, making this a highly restrained inventory play in a Prime A+ location.
The property has been meticulously maintained and features unit sizes that average higher than most multifamily competitors in the market, aligning more closely with area condominium dimensions. Current interior highlights include upgraded tile flooring, knockdown walls, and updated electrical panels. Four of the twenty-five units offer premium features such as sliding glass doors and private patio areas. Ample parking is provided for tenants, supplemented by additional public parking connected to the adjacent Memorial Park.
Strategically situated near major economic engines, Vista Court Flats benefits from immediate proximity to JM Family Enterprises—a $20B+ powerhouse located less than 1.5 miles away—and the Pherros Biosciences expansion, which is bringing hundreds of high-wage technical jobs to the immediate vicinity. Residents enjoy premier lifestyle amenities, including The Cove District waterfront entertainment hub located just across Federal Highway, as well as various beachside retail options. The location offers instant connectivity to East Boca Raton’s corporate headquarters and high-end retail corridors, ensuring a steady demand for professional-class housing.
This offering presents a significant value-add investment opportunity through a strategic renovation strategy designed to capture the high barrier-to-entry and inventory-constrained nature of the Deerfield Beach market. Recent and ongoing capital expenditures further de-risk the investment, including a new roof (permit applied, completion Q1 2026), updated electrical panels, and the installation of hurricane impact windows and doors throughout. Consequently, Vista Court Flats serves as an attractive acquisition target for investors looking to capitalize on the robust growth and limited housing supply of South Florida’s coastal communities.
Location Description
Deerfield Beach, Florida, centrally located in Broward County, offers an advantageous location for businesses and residents alike. Positioned south of Palm Beach County and Boca Raton, and just north of Fort Lauderdale, it provides convenient access to major South Florida transportation hubs. The city features a direct pipeline to Interstate 95 and the Brightline stations in nearby Boca Raton and Fort Lauderdale via Federal Highway (US-1) and Hillsboro Blvd. Moreover, the property’s location just over one mile from the award-winning Deerfield Beach and International Fishing Pier allows for easy access to world-class coastal amenities.
As the 10th largest city in Broward County, Deerfield Beach serves as a vibrant economic engine that generates approximately $7 billion annually. The city is currently undergoing a transition into a high-density, walkable downtown destination through the Pioneer Grove Local Activity Center initiative. This strategic redevelopment is reimagining the area with a Form-Based Code that mandates wide, pedestrian-friendly sidewalks and active storefronts to ensure long-term property appreciation and high foot traffic.
The area is driven by a varied economic foundation, including beach-driven tourism, marine and industrial production, retail, and services. Infrastructure and logistics are supported by proximity to major highways, rail, and airports. A significant driver for the local economy is the City’s Enhancement Program, which offers density and height bonuses for mixed-use projects. As of late 2025, the city has finalized major streetscape and drainage upgrades along the Dixie and Hillsboro corridors, paving the way for immediate vertical development. Notable local amenities attracting families and young professionals include Pioneer Park and the newly expanded Sullivan Park.
Deerfield Beach’s unwavering focus is on attracting vertical development and modernizing its urban core. The Pioneer Grove Enhancement Program allows developers to “buy up” beyond base zoning limits, offering height bonuses up to 65 feet and significant density increases beyond the standard 18 units per acre. The city has pre-allocated a massive density pool of 2,150 multi-family units and earmarked 215,000 square feet of new commercial space for this zone. These major initiatives are fortified by standards that prioritize mid-rise structures and “street walls,” ultimately yielding a sophisticated, modern urban environment for both businesses and residents.