Two-Duplex Residential Income
1450-1470 SW 2nd Avenue Dania Beach, FL 33004
1450-1470 SW 2nd Avenue, Dania Beach, FL, 33004
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For Sale
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Two concrete-block duplex buildings with multiple bedrooms, off-street parking, and in-unit laundry options.
Property Size4,292 SF
Price / SF$279.59
Days on Market29
Property Features for 1450-1470 SW 2nd Avenue
General Information
- Standard status
- Active
- Size
- 4,292 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing Agency
Marcus & Millichap - Fort Lauderdale
Listed by
Evan Kristol · License #FL SL640466
Source
Crexi
Added: Jun 19 Checked: Jul 16 at 10:54 am
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This for-sale residential income property consists of two duplex buildings built in 1980 with concrete block construction. Each building features one two-bedroom apartment and one three-bedroom apartment. The two-bedroom units are approximately 1,000 SF, while the three-bedroom units are approximately 1,146 SF. The apartments include central air conditioning and heat, individual hot water heaters, and several units have washer and dryers in the units. Tenant responsibility includes electricity, while the owner pays for water and sewer. Trash removal is included in the property taxes. The property also offers ample off-street parking, a private fenced yard, and ample green space.
The duplexes are located in Dania Beach, several blocks west of US-1 and just north of Sheridan Street. The location is a short walk to Oakwood Plaza, a large retail center that includes major tenants such as Home Depot, BJ, Dick’s, Dave & Busters, Marshalls, and additional restaurants and retailers. Just north of Oakwood Plaza is Dania Point, an open-air mixed-use lifestyle center with retail, hospitality, office space, and entertainment components.
This configuration can fit an owner seeking a straightforward two-building, four-unit duplex setup with utilities structured so tenants handle electricity while the owner covers water and sewer. With on-site parking, yard space, and in-unit laundry in select units, the layout supports comfortable tenant use and practical property management for an investor or buyer looking to operate a small residential income asset.
The duplexes are located in Dania Beach, several blocks west of US-1 and just north of Sheridan Street. The location is a short walk to Oakwood Plaza, a large retail center that includes major tenants such as Home Depot, BJ, Dick’s, Dave & Busters, Marshalls, and additional restaurants and retailers. Just north of Oakwood Plaza is Dania Point, an open-air mixed-use lifestyle center with retail, hospitality, office space, and entertainment components.
This configuration can fit an owner seeking a straightforward two-building, four-unit duplex setup with utilities structured so tenants handle electricity while the owner covers water and sewer. With on-site parking, yard space, and in-unit laundry in select units, the layout supports comfortable tenant use and practical property management for an investor or buyer looking to operate a small residential income asset.
Key Highlights
- 1980‑built Dania Beach duplex property with concrete block construction
- 2 buildings at 1450 & 1470 SW 2nd Avenue, each with a 2‑bedroom unit and a 3‑bedroom unit
- Units feature central A/C and heat plus individual hot water heaters
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 | $108.2k | $25.20 |
| − Vacancy | −$5.9k | −$1.39 |
| EGI | $102.2k | $23.81 |
| − OpEx | −$30.7k | −$7.14 |
| NOI | $71.5k | $16.67 |
4,292 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$894.3K – $1.19M
NOI $71,547 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$943.0K
$825.1K – $1.10M
NOI $66,008 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,426 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two concrete-block duplex buildings with multiple bedrooms, off-street parking, and in-unit laundry options.
Where is this duplex located?
The property is located at 1450-1470 SW 2nd Avenue Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1980‑built Dania Beach duplex property with concrete block construction; 2 buildings at 1450 & 1470 SW 2nd Avenue, each with a 2‑bedroom unit and a 3‑bedroom unit; Units feature central A/C and heat plus individual hot water heaters
