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32 SE 2nd Ave
Dania, FL 33004
Hi Li Apartments · Multifamily Property For Sale
·
21 Units
Investment Highlights
- Strong In-Place Cash Flow: Currently generating approximately $184,000 in annual NOI.
- Efficient Unit Mix: Eleven 1-bedroom units and ten studios with full kitchens.
- Workforce Housing Demand: Positioned in a growing rental market with strong tenant demand drivers.
- Value-Add Opportunity: Potential to increase income through rent growth and lease stabilization.
- Ample On-Site Parking: 22 dedicated parking spaces for tenant convenience.
- Strategic Dania Beach Location: Minutes from the beach, airport, Downtown Hollywood, and Interstate 95.
Executive Summary
32 SE 2nd Avenue is a 21-unit multifamily property located in the heart of Dania Beach, consisting of eleven 1-bedroom/1-bath units and ten studio units with full kitchens, ideally positioned near major transportation corridors, employment centers, shopping, dining, and entertainment. The property features 22 on-site parking spaces, an on-site camera security system, and a combination of window A/C units and central air conditioning throughout. Currently producing approximately $184,000 in NOI, the asset offers additional upside potential through rent increases and conversion to long-term leases, as many units are currently operating on month-to-month rentals. Conveniently located approximately 8 minutes from the beach, 6 minutes from Fort Lauderdale-Hollywood International Airport, 10 minutes from Downtown Hollywood, and with easy access to Interstate 95, the property benefits from strong and consistent workforce housing demand in one of South Florida’s fastest-growing rental markets.
Property Facts
| Price Per Unit | $165,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 5.31% | Building Size | 9,922 SF |
| No. Units | 21 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM, Dania | ||
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 9,922 SF |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | RM, Dania |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| Studios | 10 | - | - |
Property Taxes
| Parcel Number | 50-42-34-10-0210 | Improvements Assessment | $1,916,410 |
| Land Assessment | $144,790 | Total Assessment | $2,061,200 |
Property Taxes
Parcel Number
50-42-34-10-0210
Land Assessment
$144,790
Improvements Assessment
$1,916,410
Total Assessment
$2,061,200
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