1
$1,275,000 Sale
Listed 15 days ago
213 SE PARK Street #1-6
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Key Facts
Key facts for 213 SE PARK Street #1-6
Property Type
Apartment, Fourplex
Parking
-
MLS #
B26080870
Size
2690 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$19,334 /yr
Days on Market
-
Year Built
1964
Maintenance Fee
-
Description
213 SE Park Street presents a compelling Mid-Core investment opportunity in eastern Broward County's evolving infill market. The six-unit property features four 1BR/1BA apartments and two studios on an approximately 11,658-SF corner parcel. Located within the EDBB-MU East Dania Beach Boulevard Mixed...-Use District, the asset offers current income with longer-term repositioning potential as redevelopment continues along the Federal Highway corridor. Minutes from the beach, FLL Airport, I-95, employment centers, retail, dining and Downtown Fort Lauderdale, the property combines accessibility, coastal proximity and increasingly scarce developable land. **Download the OM for all details. *$110,400 PGI; *$52,678 Exp (Stepped- up Taxes); *$52,202 NOI EXECUTIVE SUMMARY | 213 SE PARK STREET | DANIA BEACH INCOME TODAY. POSITIONED FOR TOMORROW. 213 SE Park Street presents a compelling Mid-Core investment opportunity in one of eastern Broward County's evolving infill markets. The six-unit residential income property consists of four 1-bedroom/1-bath apartments and two studio units situated on an approximately 11,658-square-foot corner parcel. The asset provides an investor with the opportunity to acquire an established income-producing property while maintaining meaningful flexibility for future repositioning. The property is located within the EDBB-MU — East Dania Beach Boulevard Mixed-Use District, an important consideration as investment and redevelopment continue to reshape the corridors surrounding Federal Highway. The City's long-term redevelopment planning has specifically recognized the area around SE Park Street and east of Federal Highway as part of the broader redevelopment framework, including opportunities for mixed-use and commercial redevelopment along the Federal Highway corridor. 213 SE Park Street is also minutes from the beach, Fort Lauderdale-Hollywood International Airport, I-95, major employment centers, retail, dining and entertainment and downtown Fort Lauderdale. This combination of accessibility, coastal proximity and limited developable land strengthens the long-term investment thesis.
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Listing courtesy of: Media Realty