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Property profile & analytics
OFF-MARKET
Parking lots & garages

137 1st Ct Dania Beach, FL 33004

1,650 SF 0.12 ac lot Built 1979
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US18-2279076
Property summary
AI-generated overview

This charming, two-unit apartment building presents a compelling investment opportunity in the desirable East of US1 neighborhood of Dania Beach, Florida. Built in 1970, this single-story duplex is located at 137 NE 1st Ct, Dania Beach, FL 33004, in Broward County. The property is conveniently situated just two miles from the beach, offering residents easy access to the sand and surf. Its prime location also places it within close proximity to the Dania Casino, a variety of restaurants, and numerous shops, enhancing its appeal to tenants. Both units are currently leased, with lease renewals anticipated in May at a combined monthly rent of $1800. This represents a strong potential return on investment for a savvy buyer. The property's solid construction and desirable location make it an attractive option for both seasoned investors and those new to the multifamily market. This is a rare opportunity to acquire a well-located, income-producing property in a thriving South Florida community. The asking price for this exceptional investment is $599,000. Serious inquiries are encouraged.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1979
Total area 1,650 SF
Lot 0.12 ac (5,250 SF)
Zoning code CC
APN 50-42-34-01-3730
UPID US18-2279076
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
Owner & transaction history
Residence Of Westlake Group LLC · 9 yrs held
Residence Of Westlake Group LLC
since 2017
4 recorded transactions
2020
Price N/A
2019
Price N/A
2017
$7.3M
2014
Price N/A
Zoning & alternative use
CC · Dania Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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