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306 NE 5th Ct
Dania, FL 33004
Royal Palm Vista Apartments · Multifamily Property For Sale
·
37 Units
Investment Highlights
- 100% Occupied True Value Add Opportunity with Ability to Increase Rents Over 99%.
- Recent Capital Improvements Include Hurricane Impact Windows & Doors, New A/C Units and Partial Seawall Reconstruction.
- Property Sits On 2.7 Acres of RS-8000 (Residential & Townhomes) Zoned
- The Asset Sits Completely on Water Front Land Offering Dock Access. 900 Linear ft. that can fit up to 20 Boat Rentals.
- Property Includes Active and Existing Marina License for Commercial Boat Repairs.
- Land Primed For Redevelopment - Prime Dania Beach Location Down The Street From Downtown Dania Beach
Property Facts
| No. Units | 37 | Building Size | 35,122 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1974 |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 3.16 AC | ||
| Zoning | RS-8000 | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.16 AC |
| Building Size | 35,122 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | RS-8000 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Dock
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 700 - 750 |
| 2+1 | 15 | - | 850 |
| 2+2 | 14 | - | 1,000 |
| Studios | 1 | - | 1,100 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,296,980 | |
| Land Assessment | $2,360,110 | Total Assessment | $8,657,090 |
Property Taxes
Parcel Numbers
Land Assessment
$2,360,110
Improvements Assessment
$6,296,980
Total Assessment
$8,657,090
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