711 SW 10th St
4 Unit Apartment Building $835,000 ($208,750/Unit) 8.51% Cap Rate Dania Beach, FL 33004
INVESTMENT HIGHLIGHTS
- 711 SW 10th Street is a high income-producing fourplex in Dania Beach, FL, with yardage and parking on-site.
- Each unit is a two-bed/ one-bath and all have separate electric and water meters as tenants cover all utilities.
- Dania Beach is just south of the Fort Lauderdale-Hollywood area and convenient of Interstate 95 and US 1.
- Residents enjoy access to Dania Beach, Hollywood Dog Beach, Chester Byrd Park, the Anne Kolb Nature Center, and more.
EXECUTIVE SUMMARY
Fausto Commercial Realty is pleased to present the beautiful fourplex at 711 SW 10th Street in Dania Beach, FL, to the market for a high income-producing investment opportunity. The fourplex is ideally located off Dixie Highway providing easy access. The unit mix consists of four two-bed/ one-bath units, each with separate electric and water meters as the tenants cover all utilities. There is also assigned parking on-site for each tenant.
The fourplex is currently generating $6,650/month, with the 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.
Inquire today for a fantastic investment opportunity in a high-demand area.
The fourplex is currently generating $6,650/month, with the 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.
Inquire today for 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
|
PROPERTY FACTS
| Price | $835,000 |
| Price Per Unit | $208,750 |
| Sale Type | Investment |
| Cap Rate | 8.51% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,332 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,000 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 51-42-03-34-0060 | Total Assessment | $484,740 (2025) |
| Land Assessment | $45,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $439,740 (2025) | Tax Year | 2024 |
ZONING
| Zoning Code | NBHD-RES (Neighborhood Commercial and Residential) |
