32 SE 2nd Ave
Dania Beach, FL 33004
$3,465,000
- Multi-family
- 9,175 SF building
- 0.55 acre lot
- $378/SF
Highlights
- 9,175 SF building on a 24,132 SF (0.55 acres) lot
- Built in 1957
- Asking $378/SF
Property facts
- Price
- $3,465,000
- Price per SF
- $378/SF
- Property type
- Multi-family
- Building size
- 9,175 SF
- Lot size
- 24,132 SF (0.55 acres)
- Year built
- 1957
About this property
32 SE 2nd Avenue is a 21-unit multifamily property located in the heart of Dania Beach, consisting of eleven 1-bedroom/1-bath units and ten studio units with full kitchens, ideally positioned near major transportation corridors, employment centers, shopping, dining, and entertainment. The property features 22 on-site parking spaces, an on-site camera security system, and a combination of window A/C units and central air conditioning throughout. Currently producing approximately $184,000 in NOI, the asset offers additional upside potential through rent increases and conversion to long-term leases, as many units are currently operating on month-to-month rentals. Conveniently located approximately 8 minutes from the beach, 6 minutes from Fort Lauderdale-Hollywood International Airport, 10 minutes from Downtown Hollywood, and with easy access to Interstate 95, the property benefits from strong and consistent workforce housing demand in one of South Florida’s fastest-growing rental markets.
From the listing broker.
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