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7%+ Cap Triplex Dania Beach Owner Financing! 255 SW 15th St 3 Unit Apartment Building $589,500 ($196,500/Unit) 7.60% Cap Rate Dania Beach, FL 33004
Investment Highlights
- Owner Financing Available!
- New Electric
- Roof 2020
- Hurricane Windows
- Miuntes To Dania Beach
Executive Summary
OWNER FINANCING!! This Money-Making Triplex Offers A Strong 7+ Cap Rate With Room To Grow, Located Near Federal Highway In The Heart Of Dania Beach, Minutes To Dania Pointe & Florida’s Sandy Beaches, Property Features Two Buildings On One Lot, Front Building Has Two 2 Bedroom 1 bath & New Completely Updated Cottage (Studio) In Rear. Additional Highlights Include Hurricane Impact Windows, New Electrical Panels, Newer Roof 2020, Updated Kitchens, Tankless Water Heater & Sewer Line Replaced, Front Units Have Washer/Dryer. Current Gross Income Is $65400 With Annual Expenses Of: Taxes At $10,254, Insurance At $3,840 (No Wind) Lawn $960, Water $2,880 Electric $2,640, Trash Included In The Taxes. Additionally, The Seller Owns A Fourplex On The Same Block Also For Sale At $689,500. 255 SW 15th ST. Also Offering Owner Financing.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$65,400
|
$36.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$65,400
|
$36.17
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$20,574
|
$11.38
|
| Net Operating Income |
$44,826
|
$24.79
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $65,400 |
| Annual Per SF | $36.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $65,400 |
| Annual Per SF | $36.17 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $20,574 |
| Annual Per SF | $11.38 |
| Net Operating Income | |
|---|---|
| Annual | $44,826 |
| Annual Per SF | $24.79 |
Property Facts
| Price | $589,500 | Apartment Style | Low-Rise |
| Price Per Unit | $196,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 7.60% | Building Size | 1,808 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1979/2022 |
| Zoning | Multi-Family | ||
| Price | $589,500 |
| Price Per Unit | $196,500 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 1,808 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2022 |
| Zoning | Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Yard
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 51-42-03-10-3140 | Improvements Assessment | $435,190 (2026) |
| Land Assessment | $48,790 (2026) | Total Assessment | $483,980 (2026) |
Property Taxes
Parcel Number
51-42-03-10-3140
Land Assessment
$48,790 (2026)
Improvements Assessment
$435,190 (2026)
Total Assessment
$483,980 (2026)
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7%+ Cap Triplex Dania Beach Owner Financing! | 255 SW 15th St
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