4381 SW 51st St, Fort Lauderdale, FL
Multi-family for Sale - $650,000 - 1,015 Sq. Ft. on 0.71 acres
Agent Info
| Gil Grafi |
Property Info
| CIMLS# | 1146708 |
| Location 4381 SW 51st St Fort Lauderdale FL 33314 | |
| Updated | August 10th, 2023 |
| Type | Multi-family |
| Price | $650,000 |
| Building | 1,015 Sq. Ft. |
| Land | 0.71 acres |
Property Description
"Discover the Opportunities of Dania Beach!
Situated within a short walk from the renowned Hard Rock Casino, this multifamily structure and land offer a prime location that allows owners to fully leverage the gentrification and vibrant atmosphere brought by this entertainment hub.
With its strategic location, thriving development scene, and proximity to key amenities, Dania Beach has firmly established itself as one of South Florida's most promising investment destinations."
Financials
1. Housing Shortage & Multitude of Dwelling Units: Dania Beach presents a compelling proposition for developers and property owners to maximize the potential of this land. According to the zoning code, the allowance is two dwelling units per 8000 sqft of land. With the right strategy, Dania Beach could potentially entertain additional dwelling units or even consider a zoning change, given the pressing housing shortage in the area. Furthermore, the robust tourist presence creates a thriving market for rental properties, including short-term vacation rentals. This, coupled with increased employment opportunities and other rental income prospects, makes Dania Beach an appealing investment canvas.
2. Strategic Passive Income Generation: Seize the opportunity to generate passive income strategically by capitalizing on the existing structures while crafting innovative development plans.
3. Unbeatable Prime Location: Conveniently situated just off the U.S. 441, Dania Beach's strategic positioning near major highways and the Fort Lauderdale-Hollywood International Airport cements its status as a hotspot for commercial real estate investments. Enjoy immediate access to retail spaces, office buildings, and mixed-use developments that enhance the overall investment landscape.
4. Thriving Development Landscape: The allure of Dania Beach is further enhanced by numerous ongoing development projects, including Dania Pointe and the upcoming Dolce Hotel—strategically located across from the Hard Rock Casino.
With its strategic location, thriving development scene, and proximity to key amenities, Dania Beach has firmly established itself as one of South Florida's most promising investment destinations."