26 SE 13th Ter - Apartments FOR SALE


Dania Beach, FL 33004- Dania Beach/Fort Lauderdale
$1,475,000 USD
305-450-4028
26 SE 13th Ter, Dania Beach, FL for Sale
$1,475,000 USD
Apartments - FOR SALE
1/3
null | 4.94% Cap Rate

26 SE 13th Ter
Dania Beach, FL 33004
Dania Beach/Fort Lauderdale


HIGHLIGHTS

  • Units have been updated inside, giving a new owner a clean, move-in ready asset without the immediate capital outlay of a renovation play
  • 4 studios and 3 one-bedrooms ranging from 300 to 550 SF. Broad renter appeal, low rollover risk, and steady cash flow across market cycles
  • All 7 units are leased and occupied. In-place rents are $10,025/month — $120,300 annually — with zero lease-up risk at close
  • Built to last. Concrete block construction means lower maintenance costs and better resilience in a hurricane market
  • A hard-to-find location east of US-1 in Dania Beach — one of Broward’s most in-demand rental pockets with coastal proximity
  • Most units are sitting below market. Bringing rents to market-rate ($1,400 studios / $1,750 one-bedrooms) adds $825/month

OVERVIEW

Discover a fully occupied multifamily investment offering consistent cash flow in one of Broward County’s strongest rental markets. This low-rise property comprises seven updated units, including four studios and three one-bedroom apartments, with interior improvements that deliver immediate usability and minimize capital expenditure at takeover. All units are leased and generating in-place rents of approximately $120,300 annually, creating day-one income stability with zero lease-up risk. Constructed of concrete block, the asset provides long-term structural durability and reduced maintenance exposure, essential characteristics for resilience in hurricane-prone regions. Located east of US-1, the property sits within a highly desirable coastal submarket featuring historically low vacancy and strong tenant demand. Current rents remain below market, presenting a clear and executable pathway for revenue growth through gradual mark-to-market adjustments without added renovation risk. This turn-key property is positioned for investors seeking a stabilized income stream with inherent upside in a location benefiting from consistent population growth and proximity to major transport corridors, employment centers, and leisure amenities.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

7

PRICE/UNIT

$210,714

CAP RATE

4.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,390 SF

ZONING

R2

APN/PARCEL ID

51-42-03-08-0320

ASK ABOUT THIS PROPERTY

Erik LeonMatthews Real Estate Investment ServicesMore Info
305-450-4028

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Erik LeonMatthews Real Estate Investment ServicesMore Info
305-450-4028

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