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Owner Financing 4 Plex Near Dania Beach 224 SW 15th St 4 Unit Apartment Building $689,500 ($172,375/Unit) 7.50% Cap Rate Dania Beach, FL 33004
Investment Highlights
- Owner Financing Available!
- Minutes To Dania Pointe
- Minutes To Downtown
- Minutes To Dania Beach
Executive Summary
Owner Financing Available! This Money-Making Fourplex Offers A Strong 7+ Cap Rate With Room To Grow. Located Just Off Federal Highway In The Heart Of Dania Beach, Minutes To Dania Pointe & Florida’s Sandy Beaches. Property Features Two Buildings On One Lot With All Units Offering Large 1 Bed 1 Bath Layouts. Two Units Have Been Completely Gutted With Newer Bathrooms, An Updated Kitchen In Unit 3 & New Flooring, The Remaining Two Units Have Been Updated Within The Last Few Years. Other Highlights Include Hurricane Coverage Throughout & Newer Roofs Installed In 2017,2024. Current Gross Income Is $68,340 With Annual Expenses Of: Taxes $10,797, Insurance $2,380 (No Wind), Lawn $960, Water $2,520 Trash Included In Taxes. Net Is Around $51,683. Additionally, The Seller Owns A Triplex On The Same Block, 255 Sw 15th St Dania, Beach, FL 33004 Asking $589,500. Call Or Text carlos Montoya With Any Questions , Or For A list Of Other Multi-Family Properties For Sale.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$68,340
|
$32.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,340
|
$32.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,657
|
$7.99
|
| Net Operating Income |
$51,683
|
$24.78
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $68,340 |
| Annual Per SF | $32.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $68,340 |
| Annual Per SF | $32.76 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,657 |
| Annual Per SF | $7.99 |
| Net Operating Income | |
|---|---|
| Annual | $51,683 |
| Annual Per SF | $24.78 |
Property Facts
| Price | $689,500 | Apartment Style | Low-Rise |
| Price Per Unit | $172,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 7.50% | Building Size | 2,086 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1986/2025 |
| Zoning | Multi-Family | ||
| Price | $689,500 |
| Price Per Unit | $172,375 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,086 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1986/2025 |
| Zoning | Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Yard
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,450 | 2,086 |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 51-42-03-10-2852 | Improvements Assessment | $380,180 (2026) |
| Land Assessment | $48,830 (2026) | Total Assessment | $429,010 (2026) |
Property Taxes
Parcel Number
51-42-03-10-2852
Land Assessment
$48,830 (2026)
Improvements Assessment
$380,180 (2026)
Total Assessment
$429,010 (2026)
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Owner Financing 4 Plex Near Dania Beach | 224 SW 15th St
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