For Sale
$590,000

7085 UnitsDavie, FL 33317

Two-unit, high-occupancy investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a two-unit multifamily property located at 7085 Nova Dr, Davie, FL 33317, in Broward County. Built in 2003, this two-story building offers a total of 3,180 square feet of net rentable space, currently boasting 100% occupancy. Each unit is priced at $295,000, with a total asking price of $590,000. The property's current cap rate stands at 4.50%, while the pro-forma cap rate projects a higher return of 5.69%, indicating significant potential for increased profitability. The property's location in Davie, Florida, within the desirable Fort Lauderdale area, ensures a strong rental market and consistent tenant demand. This well-maintained, core+ investment property offers a turnkey solution for investors seeking immediate returns and long-term value appreciation. The property's strong rental history and modern construction contribute to its appeal as a stable and reliable investment. This is a rare opportunity to acquire a high-performing multifamily asset in a prime location. The price per square foot is $185.53.

Highlights

  • Exceptional two-unit multifamily investment opportunity in Davie, FL.
  • 3,180 square feet of net rentable space in a two-story building constructed in 2003.
  • 100% occupancy with each unit priced at $295,000, totaling $590,000.
  • Current cap rate of 4.50%, projecting a pro-forma cap rate of 5.69%.
  • Prime location in Davie, FL, offering strong rental demand and potential for value appreciation.
  • $185.53 price per square foot.

Property Details for 7085 Units

Property type
Square Feet
3,180 SF
Year Built
2003
Buildings
1
Stories
2
Units
2

Location Insight

City
Davie
County
Broward
State
Florida
Latitude
26.089025621034
Longitude
-80.242137106583
7085 Units, Davie, Florida

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7085 Units
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