Renovated Multifamily
24 SW 13th Street Unit 1-5 Dania Beach, FL 33004
24 SW 13th Street Unit 1-5, Dania Beach, FL, 33004
$950,000
For Sale
$950,000
Totally renovated income property with new roof, electrical, units, and an on-site coin laundry room.
Property Size2,371 SF
Price / SF$400.67
Days on Market130
Property Features for 24 SW 13th Street Unit 1-5
General Information
- Standard status
- Active
- Size
- 2,371 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1959
Listing Agency
A J Ryan Realty
(954) 709-0215
Listed by
Patrick Toma · License #3363006
(954) 709-0215
Source
Xome
Added: Mar 11 Checked: Jul 17 at 5:45 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 A J Ryan Realty
Investment Insights
Based on property information with market context.
This renovated multifamily building has been updated throughout with new windows and doors, a new roof, and new electrical service. Unit interiors have been refreshed with new kitchens and bathrooms. The property also includes a coin laundry room for residents, along with a newly installed fence around the site.
The offering is for 24 SW 13th Street Unit 1-5 in Dania Beach, Florida. The configuration provides multiple residential units within one renovated building, supported by the on-site laundry amenity.
For tenants, the improvements address common day-to-day living needs, including updated kitchen and bathroom finishes and modernized electrical and exterior openings. For investors or owner-operators, this property presents a turnkey renovation package that includes both unit upgrades and shared-site improvements such as the fenced perimeter and coin laundry facility. The combination of in-unit and building-wide renovations may reduce near-term capital concerns compared to a property requiring ongoing refresh work.
The offering is for 24 SW 13th Street Unit 1-5 in Dania Beach, Florida. The configuration provides multiple residential units within one renovated building, supported by the on-site laundry amenity.
For tenants, the improvements address common day-to-day living needs, including updated kitchen and bathroom finishes and modernized electrical and exterior openings. For investors or owner-operators, this property presents a turnkey renovation package that includes both unit upgrades and shared-site improvements such as the fenced perimeter and coin laundry facility. The combination of in-unit and building-wide renovations may reduce near-term capital concerns compared to a property requiring ongoing refresh work.
Key Highlights
- Totally renovated income property with new windows and doors
- New roof and new electrical throughout
- Updated kitchens and bathrooms in the renovated units
Local Financial Insights For Apartment 5plus
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 | $69.4k | $29.28 |
| − Vacancy | −$3.1k | −$1.32 |
| EGI | $66.3k | $27.96 |
| − OpEx | −$29.8k | −$12.58 |
| NOI | $36.5k | $15.38 |
2,371 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$520.9K
$455.8K – $607.7K
NOI $36,464 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,204 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Totally renovated income property with new roof, electrical, units, and an on-site coin laundry room.
Where is this multifamily property located?
The property is located at 24 SW 13th Street Unit 1-5 Dania Beach, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Totally renovated income property with new windows and doors; New roof and new electrical throughout; Updated kitchens and bathrooms in the renovated units
