3294-3296 SW 44th St - Apartments FOR SALE


Fort Lauderdale, FL 33312- Dania Beach
$1,200,000 USD
954-923-2325
3294-3296 SW 44th St, Fort Lauderdale, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/11
null | 2.04% Cap Rate

3294-3296 SW 44th St
Fort Lauderdale, FL 33312
Dania Beach


HIGHLIGHTS

  • Proximity to Key Hubs: Minutes from Fort Lauderdale-Hollywood International Airport, Dania Pointe lifestyle center, Tri-Rail station, and I-95.
  • Neighborhood Momentum: The surrounding area is experiencing a wave of new residential development including townhomes and infill single-family homes.
  • Value-Add Opportunity: Current rents are well below market; potential to increase revenue by over 40% with strategic lease-ups.
  • Strong Physical Condition: Recent renovations and a reroof completed in February 2023 at 3294 SW 44th St.
  • Two contiguous duplexes comprising four (4) 2-bedroom, 1-bath units Total Units: 4
  • Lot Size: 14,944 SF. Zoning: R-3 Multifamily Residential

OVERVIEW

3294-60 SW. 44th St. consists of two well maintained contiguous duplexes with each building containing 2 (2/1) 828 SF apartments which are rented below market on a month-to-month basis with rents ranging between $1350-$1800 per month. The market for the subject property reflects $2300 per month. The 2 properties sit on a 14,944 square-foot lot where each of the units has a private yard. Parking: each unit has 2 parking spaces. The units themselves are in good condition. Upgrades include new floors and new kitchens. 3294 SW. 44th St. has completed the reroof in February 2023. New residential development is searching in the subject property neighborhood with new homes and townhouses lending credibility to the desirability of the area. Offering: Two contiguous duplexes comprising four (4) 2-bedroom, 1-bath units Total Units: 4 Unit Size: Approx. 828 SF each. Washer/Dryer hookup for each apartment Lot Size: 14,944 SF Zoning: R-3 Multifamily Residential Parking: 2 spaces per unit Current Rents: $1,350 - $1,800/month (Month-to-Month) Market Rent Potential: Up to $2,300/month per unit Recent Improvements: New roof (2023), new floors, upgraded kitchens and bathroom ________________________________________ Investment Highlights • Value-Add Opportunity: Current rents are well below market; potential to increase revenue by over 40% with strategic lease-ups. • Strong Physical Condition: Recent renovations and a reroof completed in February 2023 at 3294 SW 44th St. • Outdoor Features: All units include private fenced yards, enhancing tenant appeal and lifestyle. • Convenient Parking: 8 total dedicated spaces (2 per unit) provide strong tenant satisfaction. ________________________________________ Location Advantages • Proximity to Key Hubs: Minutes from Fort Lauderdale-Hollywood International Airport, Dania Pointe lifestyle center, Tri-Rail station, and I-95. • Neighborhood Momentum: The surrounding area is experiencing a wave of new residential development including townhomes and infill single-family homes. • Desirable Demographics: Dania Beach continues to attract renters due to its central location, affordability, and accessibility to job centers. ________________________________________ Financial Snapshot Unit Count Current Rent Range Market Rent Gross Income Potential 4 Units $1,350 - $1,800 $2,300 $110,400/year

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

2.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,280 SF

ZONING

R-3

APN/PARCEL ID

50-42-30-02-0015

ASK ABOUT THIS PROPERTY

Peter DackoMedia RealtyMore Info
954-923-2325

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Peter DackoMedia RealtyMore Info
954-923-2325

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