24 SW 13th Street 1-5

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24 SW 13th Street 1-5

Dania Beach, FL 33004
Asking Price
$900K
Cap Rate
7%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Dania Beach
  • Asset features five units totaling 24 SW 13th Street
  • Building interior updated with renovated kitchens and bathrooms
  • Electrical systems throughout the property have been replaced
  • Investment opportunity offered at an asking price of 899999
  • The property provides an estimated 7% capitalization rate

What's Special

This multifamily apartment building for sale in Dania Beach presents a stable investment for buyers seeking an income-producing asset in a growing South Florida market. The property, situated at 24 SW 13th Street 1-5, has undergone a total renovation, featuring updated kitchens, modern bathrooms, and new electrical systems. These upgrades support efficient operations and appeal to potential tenants looking for move-in ready residential units in the 33004 zip code. Located within the bustling Dania Beach corridor, the site benefits from proximity to regional transportation routes and the economic activity associated with the greater Fort Lauderdale metropolitan area. Investors may find this asset well-suited for a buy-and-hold strategy, capitalizing on the demand for high-quality rental housing in a coastal suburb. The combination of current renovations and a 7% cap rate provides a clear financial profile for those looking to expand their portfolio with a turnkey residential property.

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NOI
$80,000
Cap Rate
8.89%
DSCR
1.50
Strong
Cash-on-Cash
9.84%
Monthly Payment
$4,452.704
Annual Cash Flow
$26,567.552

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