Newly Renovated Duplex
228 NW 9th Ave Dania Beach, FL 33004
228 NW 9th Ave, Dania Beach, FL, 33004
$599,000
For Sale
$599,000
Newly renovated duplex with central A/C and upgraded electrical, offering four total parking spaces.
Property Size1,441 SF
Price / SF$415.68
Days on Market536
Property Features for 228 NW 9th Ave
General Information
- Standard status
- Active
- Size
- 1,441 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1980
Listing agency
Miami Dream Properties Inc.
(954) 232-0249
Listed by
Melina Riveira · License #3595447
(954) 232-0249
Source
Exitrealty
Added: Feb 1, 2025 Updated: Jul 20 at 11:58PM Checked: Jul 21 at 6:12AM
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 Miami Dream Properties Inc.
Investment Insights
Based on property information with market context.
Newly renovated and well maintained duplex designed for rental use. The property includes upgraded electrical, central A/C systems installed in 2022, and a newer water heater. There is a separate shared laundry room with a coinless payment machine. The duplex also provides four total parking spaces.
Centrally located in Dania Beach, the property is described as minutes from Dania Pointe Plaza, Fort Lauderdale Airport, local beaches, and the Hard Rock Hotel and Casino, with access on a quiet, low-traffic street.
One unit is currently vacant, while the other unit is operated as a short-term rental with average monthly income cited in the remarks of $2,500 to $3,000.
Centrally located in Dania Beach, the property is described as minutes from Dania Pointe Plaza, Fort Lauderdale Airport, local beaches, and the Hard Rock Hotel and Casino, with access on a quiet, low-traffic street.
One unit is currently vacant, while the other unit is operated as a short-term rental with average monthly income cited in the remarks of $2,500 to $3,000.
Key Highlights
- Newly renovated duplex (built 1980) with central A/C and upgraded electrical
- Central A/C systems installed in 2022 plus newer water heater
- Two rental units with one unit vacant and the other currently used as an AirBnb
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.3k | $25.20 |
| − Vacancy | −$2.0k | −$1.39 |
| EGI | $34.3k | $23.81 |
| − OpEx | −$10.3k | −$7.14 |
| NOI | $24.0k | $16.67 |
1,441 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.2K
$300.3K – $400.4K
NOI $24,021 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$731.1K
$639.7K – $852.9K
NOI $51,176 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newly renovated duplex with central A/C and upgraded electrical, offering four total parking spaces.
Where is this duplex located?
The property is located at 228 NW 9th Ave Dania Beach, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Newly renovated duplex (built 1980) with central A/C and upgraded electrical; Central A/C systems installed in 2022 plus newer water heater; Two rental units with one unit vacant and the other currently used as an AirBnb
