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24 SW 13th St 5 Unit Apartment Building $950,000 ($190,000/Unit) Dania Beach, FL 33004
Investment Highlights
- Multi-family building with new impact windows and doors, stucco and paint, electric, and roof.
- 1-story property located in the very walkable Fort Lauderdale submarket has 8 surface level parking spots and a laundry facility for residents.
- 3-square mile radius reflects population of 108,000: forecasts predict that the area will see growth by 1.96% between '22-'27.
Executive Summary
5-unit multi-family building located in Dania Beach, Florida. The property is located on .19-acres and has 8 surface level parking spaces. The building has new hurricane impact doors and windows, new stucco and paint, and all new electric and roofing. The property has a laundry facility for residents. The property receives a very walkable score of 80 and is in close proximity to public transportation: 2.7-miles to Sheridan Street Commuter Rail and 5.3-miles from Fort Lauderdale-Hollywood International Airport.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$90,600
|
$31.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,600
|
$31.23
|
| Taxes |
$8,000
|
$2.76
|
| Operating Expenses |
$3,000
|
$1.03
|
| Total Expenses |
$11,000
|
$3.79
|
| Net Operating Income |
$79,600
|
$27.44
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $90,600 |
| Annual Per SF | $31.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $90,600 |
| Annual Per SF | $31.23 |
| Taxes | |
|---|---|
| Annual | $8,000 |
| Annual Per SF | $2.76 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $1.03 |
| Total Expenses | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $3.79 |
| Net Operating Income | |
|---|---|
| Annual | $79,600 |
| Annual Per SF | $27.44 |
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $190,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 2,901 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Low-Rise | Parking Ratio | 2.76/1,000 SF |
| Zoning | RD-8000 - Residential District | ||
| Price | $950,000 |
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,901 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.76/1,000 SF |
| Zoning | RD-8000 - Residential District |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,900 | 700 |
| Studios | 3 | $1,100 | 200 - 300 |
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 51-42-03-10-6170 | Total Assessment | $442,230 (2026) |
| Land Assessment | $48,920 (2026) | Annual Taxes | $8,000 ($2.76/SF) |
| Improvements Assessment | $393,310 (2026) | Tax Year | 2021 |
Property Taxes
Parcel Number
51-42-03-10-6170
Land Assessment
$48,920 (2026)
Improvements Assessment
$393,310 (2026)
Total Assessment
$442,230 (2026)
Annual Taxes
$8,000 ($2.76/SF)
Tax Year
2021
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24 SW 13th St
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