1450-1470 SW 2nd Avenue

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1450-1470 SW 2nd Avenue

Dania Beach, FL 33004
Asking Price
$1.20M
Asset Type
Multifamily
Class
Class B

What's Special

1450-1470 SW 2nd Avenue is located in Dania Beach, Florida, situated within a transitioning residential and commercial corridor. The property offers proximity to major transport hubs, including Fort Lauderdale-Hollywood International Airport and Port Everglades, with immediate access to I-95 and US-1. Local amenities include the Dania Pointe mixed-use development, providing nearby retail, dining, and entertainment options. The neighborhood is characterized by a mix of garden-style residential units and light industrial services, benefiting from the regional growth of the South Florida coastal market. This multifamily asset is positioned for long-term rental use, catering to a workforce tenant profile employed in the aviation, maritime, and hospitality sectors. The location is suited for commuters requiring central access to both Fort Lauderdale and North Miami business districts. Given the surrounding zoning and infrastructure, the property serves as a functional housing option for individuals seeking proximity to primary employment centers and regional transit networks.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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