Income-Generating Triplex with Private
685 SW 7th Terr Dania Beach, FL 33004
685 SW 7th Terr, Dania Beach, FL, 33004
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For Sale
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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$336.72
Days on Market54
Property Features for 685 SW 7th Terr
General Information
- Standard status
- Active
- Size
- 1,871 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing agency
Green Lands Realty
(305) 450-5005
Listed by
Laura Sanchez · License #3200886
Source
Crexi
Added: May 29 Updated: Jul 20 at 8:34PM Checked: Jul 20 at 8:34PM
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
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
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 | $47.1k | $25.20 |
| − Vacancy | −$2.6k | −$1.39 |
| EGI | $44.6k | $23.81 |
| − OpEx | −$13.4k | −$7.14 |
| NOI | $31.2k | $16.67 |
1,871 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$445.6K
$389.9K – $519.8K
NOI $31,189 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$411.1K
$359.7K – $479.6K
NOI $28,775 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$949.2K
$830.6K – $1.11M
NOI $66,447 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 Terr Dania Beach, FL.
What is the asking price?
The asking price for this property is $630,000.
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
