19 6Th St Dania Beach, FL 33004
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 19 6Th St
- Year built
- 1964
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a two-story, five-unit apartment building situated in the heart of Dania Beach, Florida. Built in 1964, this property consists of two separate buildings, legally configured as a four-plex, offering a flexible layout. The complex currently houses five units, with two operating under yearly leases and three under month-to-month agreements. Importantly, the month-to-month units are currently rented below market value, presenting a significant opportunity for immediate rental income increase and enhanced return on investment. The property's location offers unparalleled convenience, just minutes away from Fort Lauderdale-Hollywood International Airport and the Hard Rock Hotel & Casino. The surrounding area is experiencing substantial redevelopment, further enhancing the property's long-term value. This is a cash-only purchase. A 4% capitalization rate is achievable before implementing rent increases. Prior notice is required for showings. Detailed property information is available upon request. This property is ideal for investors seeking a strong cash flow and significant upside potential through rental increases and future redevelopment opportunities. The property is located at 19 SW 6th St, Dania Beach, FL 33004.
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
- Dania Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1441711
- Latitude
- 26.0421964
