Approximate city location; exact address not disclosed
Marina Townhomes
ClosedAddress Not Disclosed, Dania Beach, FL
Property type
Multifamily
Unit / Space count
24
Price
$7,800,000
Building size
38,800 sf
Rentable area
38,800 SF
Year built
1982
Year renovated
Occupancy
100%
Stories
2
APN
50-42-35-15-0010
Zoning code
RS-8000
Lot size
1.79 Acres
Sold/status
Sold · Date unknown
Sale price
$7800000
Unit mix
24x
3br
Bedroom count
Price per Unit
$325,000
Price per SF
$201.03
Property description
Marina Townhomes is a 24-unit multifamily community located in the heart of the Dania Beach/Fort Lauderdale submarket in Hollywood, Florida, which is in Broward County. The subject property was built in 1982 using reinforced concrete block construction with a frame of stem wall exterior and is situated on 1.79 acres of land. The property is located on the west side of Gulfstream Rd and is just a couple of blocks from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. Due to the premium location, there are many luxurious homes within the neighborhood. The asset is conveniently located east of US-1, north of Dania Beach Blvd, and directly west of A1A. Within a short drive, you can access the world-famous Dania Beach and boardwalk of Margaritaville. Additionally, Marina Townhomes is located in one of the most desired locations known in Broward County Dania Beach. The investment opportunity consists of a highly attractive unit mix of (24) 3 Bed 2 Bath townhomes totaling approximately 38800 TSF. The property boasts amenities such as ample parking, built out laundry facility, & townhome layouts. Marina Townhomes offers an investor the opportunity to purchase an unbelievably located, value add property in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing cash flow day one with the ability to add value in a location that simply cannot be beaten!
Property highlights
- Franklin Street exclusively represented the seller and buyer in this transaction
- The Sale of Marina Townhomes represents the first time the property has sold since being built
- Closed at $325,000 per unit, which represents the highest price per unit ever for 1980s vintage sold in Dania Beach
- Collaboration with both Franklin Street South Florida Capital Advisory & Insurance Team