235-237 SW 12th St, Dania Beach, FL 33004
$899,000 · 2,548 square feet · Active
CASH COW IN DANIA BEACH! Offered at $899,000 with owner-reported gross income of $9,750/month ($117,000/year). Originally 2 units, now arranged as 4 rental spaces PLUS an income-producing camper included in the sale! 235: 2BR/1BA with service entrance and a patio ideal for outdoor entertaining—$2,500/month. 237 A: 2BR/1BA with a private patio; tenant pays utilities—$2,450/month. 237 B: Efficiency with a walk-in closet—$1,500/month. 237 C: Newly updated 2BR/1BA with a new kitchen and bathroom—$2,250/month. Camper: Connected to water and electricity—$1,050/month. All four rental spaces have in-unit washers and dryers! AC centrals or split. Reported annual expenses of $23,400 leave $93,600 before vacancy, repairs, reserves, additional management and debt service, indicating a 10.41% cap rate at asking price if all current rents continue. Additional conversions are unauthorized. Buyer to verify permitted uses, camper rental status, leases, income and expenses.
Listing courtesy of Brickell Brokers LLC, the listing brokerage, 305-438-7777. MLS number A12095118.
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