Renovated
1-2-218 Nw 8th Ave, Dania Beach, FL 33004
For Sale
$470,000
Two separate units feature updated interiors and recently installed air conditioning.
Property Size972 SF
Price / SF$483.54
Days on Market8
Property Features for 1-2-218 Nw 8th Ave
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
XYZ Homes Realty LLC
Listed By:
Xiao Zhang · License FL #3557967
(305) 546-3389
Source:
Exprealty
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of XYZ Homes Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two units across 972 square feet. Renovations include fresh interior and exterior paint, tile flooring throughout, wood kitchen cabinetry with granite countertops, new appliances, and updated bathrooms. The property also has brand-new air conditioning and a newer roof.
The building is located in Dania Beach, Florida.
The building is located in Dania Beach, Florida.
Key Highlights
- Two units in a 972‑square‑foot duplex
- Brand‑new air conditioning and a newer roof
- Tile flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,853
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,060
$297.1K
Cap Rate 7%
$212,186
$212.2K
Cap Rate 9%
$165,033
$165.0K
Market Conditions
NOI Build-Up for 972 SF
Gross rent
$28.6K $29.40/SF
− Vacancy
−$1.6K −$1.62/SF
EGI
$27.0K $27.78/SF
− OpEx
−$12.2K −$12.50/SF
NOI
$14.9K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,060
Cap Rate 7%
$212,186
Cap Rate 9%
$165,033
Alternative Uses
Best Use
Apartment 5plus
$212.2K
$185.7K – $247.6K
NOI $14,853 @ 7.0% cap · market cap 3.16%
Second Best
Multifamily LT 5
$163.0K
$142.7K – $190.2K
NOI $11,412 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$493.1K
$431.5K – $575.3K
NOI $34,520 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,833
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Dania Beach, FL
Properties on Market for Duplexes in Dania Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units feature updated interiors and recently installed air conditioning.
Where is this duplex located?
The property is located at 1-2-218 Nw 8th Ave Dania Beach, FL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Two units in a 972‑square‑foot duplex; Brand‑new air conditioning and a newer roof; Tile flooring throughout both units
