For Sale
$1,275,000

19 6Th StDania Beach, FL 33004

Prime Dania Beach location, 5-unit complex. High ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a two-story, five-unit apartment building situated in the heart of Dania Beach, Florida. Built in 1964, this property consists of two separate buildings, legally configured as a four-plex, offering a flexible layout. The complex currently houses five units, with two operating under yearly leases and three under month-to-month agreements. Importantly, the month-to-month units are currently rented below market value, presenting a significant opportunity for immediate rental income increase and enhanced return on investment. The property's location offers unparalleled convenience, just minutes away from Fort Lauderdale-Hollywood International Airport and the Hard Rock Hotel & Casino. The surrounding area is experiencing substantial redevelopment, further enhancing the property's long-term value. This is a cash-only purchase. A 4% capitalization rate is achievable before implementing rent increases. Prior notice is required for showings. Detailed property information is available upon request. This property is ideal for investors seeking a strong cash flow and significant upside potential through rental increases and future redevelopment opportunities. The property is located at 19 SW 6th St, Dania Beach, FL 33004.

Highlights

  • $1,275,000 asking price.
  • Multifamily property, Apartment Building, Duplex/Triplex/Quadruplex.
  • 1964 construction, 2 stories.
  • Located at 19 SW 6th St, Dania Beach, FL 33004.
  • Five total units; two on yearly leases, three month-to-month.
  • Significant redevelopment potential; below-market rents offer immediate ROI increase.

Property Details for 19 6Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1964
Stories
2

Location Insight

City
Dania Beach
County
Broward
State
Florida
Latitude
26.0421964
Longitude
-80.1441711
19 6Th St, Dania Beach, Florida

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19 6Th St
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