4063-4065 SW 51st St - Apartments FOR SALE


Fort Lauderdale, FL 33314- Dania Beach
$2,198,000 USD
954-234-7653
4063-4065 SW 51st St, Fort Lauderdale, FL for Sale
$2,198,000 USD
Apartments - FOR SALE
1/67
null | 5% Cap Rate

4063-4065 SW 51st St
Fort Lauderdale, FL 33314
Dania Beach


HIGHLIGHTS

  • Possible ALF/ Or Additional Units
  • Lot Size 3/4 Of An Acre 31089 Sq Ft
  • Possible To Build Additional Units
  • Minutes To Hard Rock Casino-Beaches

OVERVIEW

Fantastic Investment Opportunity In The Heart Of Dania Beach, Just Minutes To Hard Rock Casino, Fort Lauderdale Airport, Nightlife, And Famous Sandy Beaches. This Rare Offering Includes Two Large Duplexes Side By Side On Close To 3/4 Of An Acre,(31089 Sq Ft) With The Potential To Add Additional Units. All Four Spacious Units Are Updated 3-Bed, 2-Bath With Over 1500 Sq Ft Each, Tile Floors Throughtout, Private Fenced Yards & In-Unit Laundry. Tenants Pay Water And Electric. Buildings Have Newer Roofs & Hurricane-Impact Windows. Current Annual Income Is Over $144,000 & Below Market, With Projected Market Rents Pushing Potential Gross Income To $192,000+ Annually. Estimated Annual Expenses Include Taxes Of $23,180, Insurance (No Wind) Of $10,800 & Lawn $1,200. Potential To Build Multi Story Rental Alf/Nursing With Variance.

FOR SALE DETAILS

PRICE

$2,198,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

4

PRICE/UNIT

$549,500

CAP RATE

5%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units On 3/4 Acre Near HardRock & Beaches

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

31,089 SF

ZONING

RD-10

APN/PARCEL ID

50-41-36-02-0230

ASK ABOUT THIS PROPERTY

Carlos MontoyaFidelity Real Estate GroupMore Info
954-234-7653

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Carlos MontoyaFidelity Real Estate GroupMore Info
954-234-7653

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