Remodeled Two-Unit
For Sale
$599,000
337 Phippen Waiters Road, Dania Beach, FL 33004
Both residences are tenant-occupied, with a recently replaced roof, newer AC systems, and updated flooring.
Property Size1,575 SF
Price / SF$380.32
Days on Market62
Property Features for 337 Phippen Waiters Road
General Information
Standard status
Active
Size
1,575 SF
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$50,400
Average Monthly Rent
$2,100
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,377
Building Details
Building Size
1,575 SF
Year Built
1960
Listing Agency:
EXP Realty LLC
Listed By:
Gerardo Henriquez Zambrano · License #3495304
(786) 956-1192
Source:
Irgflorida
Added: Aug 28
Changed: Oct 26
Last Checked: Oct 26 at 3:47PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This Dania Beach duplex contains two 2-bedroom, 1-bathroom residences with approximately 1,575 square feet of combined living area. Built in 1960, the property has updated flooring, newer AC systems, and a recently replaced roof. Both units are currently rented.
The property is near Fort Lauderdale-Hollywood International Airport, area beaches, major roads, shopping, dining, and entertainment.
The property is near Fort Lauderdale-Hollywood International Airport, area beaches, major roads, shopping, dining, and entertainment.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- Approximately 1,575 square feet of total living area
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,255
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,100
$525.1K
Cap Rate 7%
$375,071
$375.1K
Cap Rate 9%
$291,722
$291.7K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$39.7K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.5K $23.81/SF
− OpEx
−$11.3K −$7.14/SF
NOI
$26.3K $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%
$525,100
Cap Rate 7%
$375,071
Cap Rate 9%
$291,722
Alternative Uses
Best Use
Multifamily LT 5
$375.1K
$328.2K – $437.6K
NOI $26,255 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$346.0K
$302.8K – $403.7K
NOI $24,222 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$799.1K
$699.2K – $932.2K
NOI $55,934 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,762
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied, with a recently replaced roof, newer AC systems, and updated flooring.
Where is this duplex located?
The property is located at 337 Phippen Waiters Road 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: Two 2‑bedroom, 1‑bathroom units; Approximately 1,575 square feet of total living area; Both units are currently rented
