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The Coastal Six 213 SE Park St 6 Unit Apartment Building $1,199,000 ($199,833/Unit) 6.94% Cap Rate Dania, FL 33004
INVESTMENT HIGHLIGHTS
- 6-unit multifamily with four 1/1s and two studios
- East of US-1, minutes from beaches, airport, and I-95
- All tenants on month-to-month leases – upside potential
- Fully renovated units with modern kitchens and baths
- Strong cash flow with nearly $10,000/month in income
- Located in rapidly growing Dania Beach rental market
EXECUTIVE SUMMARY
Fausto Commercial proudly presents a 6-unit multifamily property located at 213 SE Park Street in the vibrant city of Dania Beach, FL. The property features four 1-bed/1-bath units and two studio units, all beautifully renovated with newer kitchens, flooring, and bathrooms. Ideally situated east of US-1, close to the beaches, and minutes from major retail corridors, I-95, Fort Lauderdale/Hollywood International Airport, and Hollywood North Beach Park, this prime location offers excellent accessibility and strong future upside. Currently bringing in almost $10,000 in monthly income, this investment delivers attractive cash flow from day one, with all tenants on month-to-month leases offering flexibility for repositioning or rent optimization.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$118,800
|
$38.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$118,800
|
$38.03
|
| Taxes |
$18,813
|
$6.02
|
| Operating Expenses |
$16,800
|
$5.38
|
| Total Expenses |
$35,613
|
$11.40
|
| Net Operating Income |
$83,187
|
$26.63
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $118,800 |
| Annual Per SF | $38.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $118,800 |
| Annual Per SF | $38.03 |
| Taxes | |
|---|---|
| Annual | $18,813 |
| Annual Per SF | $6.02 |
| Operating Expenses | |
|---|---|
| Annual | $16,800 |
| Annual Per SF | $5.38 |
| Total Expenses | |
|---|---|
| Annual | $35,613 |
| Annual Per SF | $11.40 |
| Net Operating Income | |
|---|---|
| Annual | $83,187 |
| Annual Per SF | $26.63 |
PROPERTY FACTS
| Price | $1,199,000 | Building Class | C |
| Price Per Unit | $199,833 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 3,124 SF |
| Cap Rate | 6.94% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.56/1,000 SF |
| Zoning | EDBB-MU - EDBB-MU, East Dania Beach Boulevard Mixed-Use District. Redevelopment to place a greater emphasis on pedestrian activity and transit supportive dev | ||
| Price | $1,199,000 |
| Price Per Unit | $199,833 |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 3,124 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 2.56/1,000 SF |
| Zoning | EDBB-MU - EDBB-MU, East Dania Beach Boulevard Mixed-Use District. Redevelopment to place a greater emphasis on pedestrian activity and transit supportive dev |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,900 | - |
| Studios | 2 | $1,600 | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 50-42-34-11-0030 | Total Assessment | $760,180 (2025) |
| Land Assessment | $69,950 (2025) | Annual Taxes | $18,813 ($6.02/SF) |
| Improvements Assessment | $690,230 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
50-42-34-11-0030
Land Assessment
$69,950 (2025)
Improvements Assessment
$690,230 (2025)
Total Assessment
$760,180 (2025)
Annual Taxes
$18,813 ($6.02/SF)
Tax Year
2024
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The Coastal Six | 213 SE Park St
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