7085 UnitsDavie, FL 33317

Property Details for 7085 Units

Year built

2003

Property size (Sq ft)

3,180 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Davie

County

Broward

State

Florida

Latitude

26.089

Longitude

-80.2421

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