High Income Producing Fourplex in Dania Beach | 711 SW 10th St
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High Income Producing Fourplex in Dania Beach 711 SW 10th St
4 Unit Apartment Building $850,000 ($212,500/Unit) 8.36% Cap Rate Dania Beach, FL 33004
Executive Summary
Beautiful fourplex at 711 SW 10th St, Dania Beach, ideally located off Dixie Hwy. Each of the four units features 2 beds, 1 bath, with separate electric and water meters—tenants cover all utilities! Assigned parking for each tenant. Currently generating $6,650/month, with potential to increase to $8,000 at market rates for a strong return. Three units are Section 8, providing stable income, while the fourth is on a regular lease. A fantastic investment opportunity in a high-demand area!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $850,000 | Lot Size | 0.17 AC |
| Price Per Unit | $212,500 | Building Size | 2,332 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 8.36% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 2.14/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $850,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 8.36% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,332 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 2.14/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,000 | - |
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PROPERTY TAXES
| Parcel Number | 51-42-03-34-0060 | Total Assessment | $484,740 |
| Land Assessment | $45,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $439,740 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
51-42-03-34-0060
Land Assessment
$45,000
Improvements Assessment
$439,740
Total Assessment
$484,740
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | NBHD-RES (NEIGHBORHOOD RESIDENTIAL) |
| NBHD-RES (NEIGHBORHOOD RESIDENTIAL) |
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High Income Producing Fourplex in Dania Beach | 711 SW 10th St
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