707-715 SW 5th St - Apartments FOR SALE


Dania Beach, FL 33004- Dania Beach/Fort Lauderdale
$2,220,000 USD
954-245-3492
707-715 SW 5th St, Dania Beach, FL for Sale
$2,220,000 USD
Apartments - FOR SALE
1/13
null | 6.08% Cap Rate

707-715 SW 5th St
Dania Beach, FL 33004
Dania Beach/Fort Lauderdale


HIGHLIGHTS

  • 12-Units, All 2-Beds on 16,050 sf Lot in Dania Beach priced @ $185,000 Per Unit
  • 1960 Single-Story CBS Construction, New Roofs in 2021, Most Units Renovated
  • Value Add Opportunity with Average In-Place Rent of Only $1,694 Per Month
  • Interiors Renovated w/New Kitchens, Baths, Stainless Appliances, New Flooring
  • Easy Access to Federal and Dixie Highways, Stirling Road and Interstate 95
  • 11.46% Population Growth Since 2010 and 510,000+ Residents Within 5 Miles

OVERVIEW

The Villas at 5th Street consist of three (3) single-story buildings which were constructed in 1960 of concrete block and painted stucco with shingle roofs and the property is situated on 16,050 square feet of land, according to the Broward County Property Appraiser. The property is comprised of twelve (12) two-bedroom/one-bathroom apartments totaling 7,197 square feet. Nearly all units have been renovated by current ownership and feature either vinyl wood-plank or ceramic tile flooring, with new kitchens and bathrooms, stainless steel appliances and window/wall air conditioning units. There are 14 parking spaces. The Villas at 5th Street are located west of Dixie Highway, south of Stirling Road and north of Sheridan Street, proximate to Interstate 95 and Federal Highway (US-1). Dania Beach is a thriving coastal community known for its mix of small-town charm and urban convenience, offering residents easy access to employment centers, beaches, and entertainment destinations.

FOR SALE DETAILS

PRICE

$2,220,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

12

PRICE/UNIT

$185,000

CAP RATE

6.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Villas at 5th Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,052 SF

ZONING

NBHD-RES

APN/PARCEL ID

51-42-03-34-0960

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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