Renovated Duplex in Dania
For Sale
$699,000
251-253 Southwest 11th Street, Dania Beach, FL 33004
Income-producing duplex with long-term leases in a growing area.
Property Size1,728 SF
Price / SF$404.51
Days on Market163
Property Features for 251-253 Southwest 11th Street
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$7,389
Building Details
Year Built
1995
Listing Agency:
Coldwell Banker Realty
Listed By:
Sherri Pfefer · License #3231420
(954) 527-5900
Source:
Compass
Added: May 11
Changed: Oct 18
Last Checked: Oct 19 at 8:53AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This income-producing duplex is located in Dania Beach. The multifamily property has been fully renovated and totals 1,728 square feet. Unit 1 is a 2-bedroom, 1-bathroom unit with 720 square feet, leased at $2,000 per month. Unit 2 is a 3-bedroom, 2-bathroom unit with 1,008 square feet, leased at $2,500 per month. The current gross annual income is $54,000. Long-term leases are in place through April and May 2027. Capital improvements include a new roof, impact windows, new kitchens, updated bathrooms, new flooring, and new laundry appliances. Separate water meters are installed for each unit. Each unit includes two dedicated parking spaces. The property is located minutes from Dania Pointe, Fort Lauderdale-Hollywood International Airport, Downtown Fort Lauderdale, beaches, major highways, shopping, dining, and entertainment.
Key Highlights
- High Gross Annual Income: $54,000 current gross annual income provides immediate cash flow.
- Long‑Term Leases: Leases in place through April and May 2027 offer long‑term stability.
- Fully Renovated: New roof, impact windows, kitchens, bathrooms, flooring, and laundry appliances minimize maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,805
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,100
$576.1K
Cap Rate 7%
$411,500
$411.5K
Cap Rate 9%
$320,056
$320.1K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$43.5K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.2K $23.81/SF
− OpEx
−$12.3K −$7.14/SF
NOI
$28.8K $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%
$576,100
Cap Rate 7%
$411,500
Cap Rate 9%
$320,056
Alternative Uses
Best Use
Multifamily LT 5
$411.5K
$360.1K – $480.1K
NOI $28,805 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$379.6K
$332.2K – $442.9K
NOI $26,575 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$876.7K
$767.1K – $1.02M
NOI $61,368 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with long-term leases in a growing area.
Where is this duplex located?
The property is located at 251-253 Southwest 11th Street Dania Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High Gross Annual Income: $54,000 current gross annual income provides immediate cash flow.; Long‑Term Leases: Leases in place through April and May 2027 offer long‑term stability.; Fully Renovated: New roof, impact windows, kitchens, bathrooms, flooring, and laundry appliances minimize maintenance.
