1450-1480 SW 2nd Ave - Apartments FOR SALE


Dania Beach, FL 33004- Dania Beach/Fort Lauderdale
$1,200,000 USD
954-529-3017
1450-1480 SW 2nd Ave, Dania Beach, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/21
null | 5.32% Cap Rate

1450-1480 SW 2nd Ave
Dania Beach, FL 33004
Dania Beach/Fort Lauderdale


HIGHLIGHTS

  • Excellent Dania Beach location near US-1
  • Close to major employment centers
  • Near shopping, restaurants and entertainment
  • Attractive unit mix of 2 & 3-bedroom apartments
  • Central air-conditioning & heat
  • Select units have washer and dryers

OVERVIEW

The 1450 and 1470 SW 2nd Avenue duplexes are located in Dania Beach, several blocks west of US-1 and just north of Sheridan Street. Each building has a two-bedroom apartment at around 1,000 SF and a three-bedroom apartment with about 1,146 SF. The property was developed in 1980 and is built with concrete block construction. The units have central air conditioning & heat, individual hot water heaters and several units have washer and dryers in the units. The tenants are responsible for the electricity and owners pay for water/ sewer. The trash removal is included in the property taxes. The property is in an excellent location in Dania Beach which is located in Southeast Broward County. 1450 & 1470 SW 2nd Avenue is a block west of US-1 and east of the Oakwood Plaza whish is made up of 900,000 SF of retail space and includes Home Depot, BJ, Dick’s, Dave & Busters, Marshalls, and many more stores and restaurants. Just north of the Oakwood Plaza is Dania Point, a newly developed open-air mixed-use lifestyle center with 750,000 SF of retail space, 950 hotel rooms, Office Space and entertainment areas. Dania Beach is also just south of the Fort Lauderdale/Hollywood International Airport and Port Everglades, which are two of the largest employment centers in Broward County. The subject property has ample off-street parking for the apartments, private fenced yard and ample green space. The units are currently rented below market, and an investor has the opportunity to increase the rental income by bringing the rents up to market.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

5.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

NBHD-RES

APN/PARCEL ID

51-42-03-10-2860

ASK ABOUT THIS PROPERTY

Felipe EcharteMarcus & MillichapMore Info
954-529-3017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Felipe EcharteMarcus & MillichapMore Info
954-529-3017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.