$899,000

For sale

235-237 SW 12th St, Dania Beach FL 33004

2,548 sq ftBuilt 1986MLS# A12095118

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About this property

CASH COW IN DANIA BEACH! Offered at $899,000 with owner-reported gross income of $9,750/month ($117,000/year). Originally 2 units, now arranged as 4 rental spaces PLUS an income-producing camper included in the sale!
235: 2BR/1BA with service entrance and a patio ideal for outdoor entertaining—$2,500/month.
237 A: 2BR/1BA with a private patio; tenant pays utilities—$2,450/month.
237 B: Efficiency with a walk-in closet—$1,500/month.
237 C: Newly updated 2BR/1BA with a new kitchen and bathroom—$2,250/month.
Camper: Connected to water and electricity—$1,050/month.
All four rental spaces have in-unit washers and dryers! AC centrals or split. Reported annual expenses of $23,400 leave $93,600 before vacancy, repairs, reserves, additional management and debt service, indicating a 10.41% cap rate at asking price if all current rents continue.
Additional conversions are unauthorized. Buyer to verify permitted uses, camper rental status, leases, income and expenses.

Property details

Property type
Multi-family
Year built
1986
Living area
2,548 sq ft
Price per sq ft
$353
Property taxes
$9,311/yr
Parking
5 spaces
Building / community
North Hollywood
Status
For sale
MLS #
A12095118

Listing courtesy of Brickell Brokers LLC.

Location

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