Duplex with Private Laundry
New
For Sale
$550,000
138 SE 2nd Avenue, Dania Beach, FL 33004
Two 2-bedroom, 1-bathroom units have separate laundry rooms, with both residences leased month to month.
Property Size1,747 SF
Price / SF$314.83
Days on Market4
Property Features for 138 SE 2nd Avenue
General Information
Standard status
Active
Size
1,747 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
some renovations and updates
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private laundry room
Building Details
Year Built
1965
Tenancy
Multi
Listing Agency:
Charles Rutenberg Realty FTL
(954) 396-3001
Listed By:
Hope C Stoller · License #697363
(954) 610-0605
Source:
Lehmannflorida
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:21PM
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 Charles Rutenberg Realty FTL
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Investment Insights
Based on property information with market context.
This duplex contains two separate 2-bedroom, 1-bathroom units, each with a private laundry room. The building was constructed in 1965 and contains 1,747 square feet. Recent property work includes an exterior paint refresh; the roof is approximately 6 years old, and the water heaters are newer.
Both tenants occupy the units under month-to-month leases. The property is east of US-1 in Dania Beach, near Dania Pointe, the beach, the Hardrock Hotel, nightlife, dining, and entertainment.
Both tenants occupy the units under month-to-month leases. The property is east of US-1 in Dania Beach, near Dania Pointe, the beach, the Hardrock Hotel, nightlife, dining, and entertainment.
Key Highlights
- Two separate 2‑bedroom, 1‑bathroom units
- Each unit has a private laundry room
- 1,747‑square‑foot building constructed in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,122
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,440
$582.4K
Cap Rate 7%
$416,029
$416.0K
Cap Rate 9%
$323,578
$323.6K
Market Conditions
NOI Build-Up for 1,747 SF
Gross rent
$44.0K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.6K $23.81/SF
− OpEx
−$12.5K −$7.14/SF
NOI
$29.1K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,440
Cap Rate 7%
$416,029
Cap Rate 9%
$323,578
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.4K
NOI $29,122 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$383.8K
$335.9K – $447.8K
NOI $26,868 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$886.3K
$775.5K – $1.03M
NOI $62,043 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,556
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bathroom units have separate laundry rooms, with both residences leased month to month.
Where is this duplex located?
The property is located at 138 SE 2nd Avenue Dania Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bathroom units; Each unit has a private laundry room; 1,747‑square‑foot building constructed in 1965
