717 Phippen Waiters Rd
Dania Beach, FL 33004
Build 4 Units! Opportunity Zone! Mixed-Use · Land For Sale · 0.12 AC

Cleared ready-to-build mixed-use corner lot in the heart of the Dania Beach opportunity zone! This is the lowest priced mixed use lot in Broward for sale right now and by far the lowest priced multi-family lot buildable for four units in the County actively for sale. The city of Dania Beach will allow you to build up to four (4) units as long as your building is in compliance with their green building/development program. You can easily fit 10 parking spaces on SW 7th Ter. You can build 2-3 stories high. This property is in a qualified opportunity zone. There is a HUGE tax savings on all of the money you put into this property. You also pay no taxes on the profit you make when you sell this property if you hold it for ten years. Please consult your accountant for specifics on opportunity zones. Build a four unit building consisting of four 2 bed 2 bath units at 900 square feet each unit. A newly renovated 900 square foot 2 bedroom 2 bathroom unit just block away just rented for $1,550 per month; this is a renovated unit in an old building built in 1962 with old windows, low cielings, etc. A brand new 2 bed 2 bath unit should rent easily for $1,550-$1,650 per month. Since the property is mixed use, you could also build commercial units in addition to your four residential units if you desire. If your building costs are $100 per square foot, you can build this quadplex consisting of four 2/2s for $360,000. With the land only costing you $119,900, you will be all in at $479,900. The four 2/2’s rented out at $1,599 per month each will bring you $76,752 per year. As this is new construction in this area, your expenses and vacancies should be very low. This property could yield over a 15% cap rate! Being centrally located to beach, schools, shopping, restaurants, casino, airport, highways, and the 102 acre $800M Dania Pointe development, with developments all around, property value in this area is sky rocketing and so are rents! As this is a corner lot, there is great opportunity for parking and ingress/egress, allowing you to build this lot to it’s maximum potential. Drive by, see the opportunity, and call today while it is still available. Seller is marketing his contractual interest to the subject property in compliance with FREC guidelines. Closing is subject to investor purchasing the property. Seller will deliver free, clear, and marketable title and 100% ownership to the subject property. Must close with Title Guaranty of South Florida, inc. Buyer's attorney/title company of choice can review all documents. Feel free to call listing agent for further details.