7085 Units Davie, FL 33317
- Commercial real estate
- 3,180 SF
Current Use by Public Records
- Commercial real estate
Property Details for 7085 Units
- Year built
- 2003
- Property size
- 3,180 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a two-unit multifamily property located at 7085 Nova Dr, Davie, FL 33317, in Broward County. Built in 2003, this two-story building offers a total of 3,180 square feet of net rentable space, currently boasting 100% occupancy. Each unit is priced at $295,000, with a total asking price of $590,000. The property's current cap rate stands at 4.50%, while the pro-forma cap rate projects a higher return of 5.69%, indicating significant potential for increased profitability. The property's location in Davie, Florida, within the desirable Fort Lauderdale area, ensures a strong rental market and consistent tenant demand. This well-maintained, core+ investment property offers a turnkey solution for investors seeking immediate returns and long-term value appreciation. The property's strong rental history and modern construction contribute to its appeal as a stable and reliable investment. This is a rare opportunity to acquire a high-performing multifamily asset in a prime location. The price per square foot is $185.53.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Davie
- County
- Broward
- State
- Florida
- Longitude
- -80.2421
- Latitude
- 26.089
