Commercial property in Dania Beach, Florida 179.02 sq.m. № 1862751

Property description

Turn-Key Multifamily Investment in Prime Dania Beach Location! High impact windows and doors. Don’t miss this rare opportunity to own a fully remodeled income-producing property just minutes from everything! Situated on a 11,250 sq ft lot in a highly desirable area, this multi-unit gem offers five fully renovated units with strong rental income. Long-term Total Monthly Income: $8,400. Annual Income: $100,800 long term tenants. Long term tenants Estimated CAP Rate: 8.7% very attractive return, especially for a fully remodeled, income-generating property in a growing area! Daily rentals nightly rate is $450 Annual income potential: $160,000. There’s potential to expand up to the 4,500 sq ft coverage limit, The RS-6 district generally permits structures up to 2 stories or 35 feet in height.