$950,000
$995,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
24 NE 1st Ave Dania Beach, FL 33004
9,739 Sqft Lot
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10427466
Sold Date 04/19/24
HOA Y/N No
Total Fin. Sqft 9739
Year Built 1959
Annual Tax Amount $13,170
Tax Year 2023
Lot Size 9,739 Sqft
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.
Location
State FL
County Broward County
Area Hollywood East (3010-3050)
Zoning CC
Exterior
Water Access N
Private Pool No
Building
Sewer Public Sanitation
Water Public Water
Others
Pets Allowed No
Acceptable Financing Cash Only
Listing Terms Cash Only
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Bought with Native Realty Co.