602 NW 1st St

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602 NW 1st St

Dania Beach, FL 33004
Asking Price
$2.50M
Cap Rate
3.92%
Asset Type
Apartment Building Mixed-use
Class
Class B

What's Special

β€’ 100% Occupied Mixed-Use Asset | Redevelopment Opportunity | Adjacent Lot Included <h2>πŸ”‘ Investment Highlights</h2><ul><li>​<strong>100% Occupied Mixed-Use Asset</strong></li><li>​ Stable in-place income from <strong>9 residential units + 3 leased retail spaces</strong></li><li>​<strong>Additional Upside – Owner Occupied Retail Bay</strong></li><li>​ One commercial unit (602) provides <strong>immediate lease-up opportunity</strong> to increase NOI</li><li>​<strong>Redevelopment Opportunity (NBHD-MU Zoning)</strong></li><li>​ Flexible <strong>Neighborhood Mixed-Use zoning</stro

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

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