Income-Generating Triplex with Private
For Sale
$615,000
685 SW 7th Terrace, Dania Beach, FL 33004
Triplex with three leased units, each offering a private entrance and updated interiors, including remodeled kitchens and renovated baths.
Property Size1,871 SF
Price / SF$357.14
Days on Market147
Property Features for 685 SW 7th Terrace
General Information
Standard status
Active
Size
1,871 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
NBHD-MU
Net Operating Income
$46,363
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,316
Building Details
Building Size
1,871 SF
Year Built
1959
Stories
1
Tenancy
Multi
Listing Agency:
Green Lands Realty
Listed By:
Laura N Sanchez · License #3200886
(305) 503-4121
Source:
Laerrealty
Added: Jun 1
Changed: Oct 15
Last Checked: Oct 24 at 2:13PM
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 Green Lands Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This income-producing triplex offers three residential units on annual leases, including a 2BR/2BA unit, a 2BR/1BA unit, and a 1BR/1BA unit. Each unit has its own private entrance. Interiors have been updated with remodeled kitchens featuring newer appliances, renovated bathrooms, and laminate flooring throughout in bright, neutral tones.
Two units include mini-split HVAC systems. There is also an exterior laundry room with a newer full-size washer/dryer, along with a newer water heater. A new roof is coming soon, according to the property remarks.
The property is described as being near the beach, with quick access to 595, I-95, and Fort Lauderdale Airport.
Two units include mini-split HVAC systems. There is also an exterior laundry room with a newer full-size washer/dryer, along with a newer water heater. A new roof is coming soon, according to the property remarks.
The property is described as being near the beach, with quick access to 595, I-95, and Fort Lauderdale Airport.
Key Highlights
- Income‑producing triplex with 3 leased units: 2BR/2BA, 2BR/1BA, and 1BR/1BA, each with a private entrance
- Remodeled kitchens with newer appliances in the updated interiors
- Renovated bathrooms and laminate flooring throughout in bright, neutral tones
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,705
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,100
$574.1K
Cap Rate 7%
$410,071
$410.1K
Cap Rate 9%
$318,944
$318.9K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$43.4K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.0K $23.81/SF
− OpEx
−$12.3K −$7.14/SF
NOI
$28.7K $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%
$574,100
Cap Rate 7%
$410,071
Cap Rate 9%
$318,944
Alternative Uses
Best Use
Multifamily LT 5
$410.1K
$358.8K – $478.4K
NOI $28,705 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$873.6K
$764.4K – $1.02M
NOI $61,155 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,268
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
Check the figures for this property
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?
Triplex - Triplex with three leased units, each offering a private entrance and updated interiors, including remodeled kitchens and renovated baths.
Where is this triplex located?
The property is located at 685 SW 7th Terrace Dania Beach, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Income‑producing triplex with 3 leased units: 2BR/2BA, 2BR/1BA, and 1BR/1BA, each with a private entrance; Remodeled kitchens with newer appliances in the updated interiors; Renovated bathrooms and laminate flooring throughout in bright, neutral tones
