24 NE 1st Avenue, Dania Beach, FL 33004

Property Description

This is a mixed use commercial & residential building.Two story building with 2 retail/office spaces and 4 residential apartments. Excellent location East of Federal Highway in Dania Beach. Building has 2,284 sq. ft. of retail space and 1 studio, 1 efficiency, 1 one bedroom, one bath and 1 two bedroom, one bath apartments. Building is 4,968 sq. ft. total. Outstanding opportunity to own this income maker in Dania Beach. Lot size is 9,739 sq. ft. This property is offered for sale at $995,000. The building was built in 1959 and is 100% occupied with 6 tenants.Total annual income is $107,388.00. Total annual operating expenses are $40,797.00 with a annual net operating income of $66,591.00 and a Cap Rate of 6.6. The building was built in 1959 and is 100% occupied with 6 tenants. Unit # Tenant Monthly Rent Lease end date101-103 South Florida Safes, INC. $3,224.00 March 31, 2024.104 Aquaman Diving $1,265.00 November 9, 2024201 2 bed, 1 bath apartment $1,575.00 August 31, 2024202 Studio apartment $1,050.00 March 31, 2024106 1 bed, 1 bath apartment $1,160.00 August 31, 2024107 Efficiency Apartment $675.00 Month to Month Total annual income is $107,388.00. Total annual operating expenses are $40,797.00 with a annual net operating income of $66,591.00 and a Cap Rate of 6.6.