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For Sale Available Listing #83929

549,500 SF Multifamily For Sale — $2,198,000 — 4063-4065 SW 51st St, Dania Beach – #83929

4063-4065 SW 51st St · Price Per Unit · Dania Beach, FL 33314
549,500 SFAvailable space
Apartment Multifamily DormitoryProperty type
912Parking spaces
2015Renovated
Quick Unit Specs
For Sale
$2,198,000 Asking Price
$4.00 Price / SF
5% Cap Rate
— NOI
265 / 278 days Days on market / avg to sell
The Space
549,500 SF Sq Ft
Apartment Multifamily Dormitory Type
Price Per Unit Suite
— Condition
Available Status
For Sale Listing Type
Now Available
— Op. Expenses
— Clear Height
— Drive-In Bays
— Dock-High Bays
— Yard
— Office SF
— Restrooms
— Power
— HVAC
912 spaces Estimated Parking
1.66 Parking Ratio
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Floor Plan
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Building Description
Executive Summary
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.
Approved Uses by Zoning — Broward County zoning retained on annexed land (RD-10 COUNTY)

Uses permitted by right under the municipality’s zoning for this district. The property may carry additional restrictions (deed, association or lease), so tenants are responsible for confirming their intended use with the municipality and landlord before committing.

Allowed by right
One-family detached dwelling, Two-family dwelling, Townhouse or villa, Community residential home with adult day care permitted as an accessory use, Community residential one-family dwelling, Nonprofit neighborhood social and recreational facilities, Golf course, Places of worship, Family day care home, Home-based business (Sec. 39-237), Temporary sales offices, Essential services, Wireless communication facilities (Sec. 39-102)
With special approval
Yard sales (conditional), Off-site parking lots (conditional, Sec. 39-240), Outdoor event (conditional, Sec. 39-238)
Read the full RD-10 COUNTY zoning guide ›
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Asking Price
$2,198,000
Listing Courtesy of Fidelity Real Estate Group
Carlos Montoya
Carlos Montoya
Fidelity Real Estate Group
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Key highlights
  • Possible ALF/ Or Additional Units
  • Possible To Build Additional Units
  • Lot Size 3/4 Of An Acre 31089 Sq Ft
  • Minutes To Hard Rock Casino-Beaches
Appraiser Data
Parcel Control No.504136020230
Source: Broward County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 43.6 mi
Ft. Lauderdale (FLL) 3.7 mi 8 min drive
Miami Intl (MIA) 30.6 mi 43 min drive
⚓ Seaports
Port of Palm Beach 50.1 mi
Port Everglades 5.8 mi
PortMiami 19.5 mi
Building Specifications
CityDania Beach, FL
ZIP Code33314
Year Built1979
Total Building SF6,012 SF
Total Available549,500 SF
Lot Size0.71 AC
Parking Ratio1.66/1,000 SF
AmenitiesAir Conditioning; Cable Ready; Dishwasher; Washer/Dryer; Washer/Dryer Hookup; Heating; Ceiling Fans; Kitchen; Refrigerator; Oven; Range; Wi-Fi; Yard; Dining Room; Lawn; Patio; Large Bedrooms
Walk Score50/100
Renovated2015