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The Coastal Six 213 SE Park St 6 Unit Apartment Building $1,636,944 CAD ($272,824 CAD/Unit) 6.94% Cap Rate Dania, FL 33004
Investment Highlights
- 6-unit multifamily with four 1/1s and two studios
- East of US-1, minutes from beaches, airport, and I-95
- All tenants on month-to-month leases – upside potential
- Fully renovated units with modern kitchens and baths
- Strong cash flow with nearly $10,000/month in income
- Located in rapidly growing Dania Beach rental market
Executive Summary
Fausto Commercial proudly presents a 6-unit multifamily property located at 213 SE Park Street in the vibrant city of Dania Beach, FL. The property features four 1-bed/1-bath units and two studio units, all beautifully renovated with newer kitchens, flooring, and bathrooms. Ideally situated east of US-1, close to the beaches, and minutes from major retail corridors, I-95, Fort Lauderdale/Hollywood International Airport, and Hollywood North Beach Park, this prime location offers excellent accessibility and strong future upside. Currently bringing in almost $10,000 in monthly income, this investment delivers attractive cash flow from day one, with all tenants on month-to-month leases offering flexibility for repositioning or rent optimization.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$162,057
|
$51.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$162,057
|
$51.87
|
| Taxes |
$25,663
|
$8.21
|
| Operating Expenses |
$22,917
|
$7.34
|
| Total Expenses |
$48,580
|
$15.55
|
| Net Operating Income |
$113,477
|
$36.32
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $162,057 |
| Annual Per SF | $51.87 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $162,057 |
| Annual Per SF | $51.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,663 |
| Annual Per SF | $8.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,917 |
| Annual Per SF | $7.34 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,580 |
| Annual Per SF | $15.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $113,477 |
| Annual Per SF | $36.32 |
Property Facts
| Price | $1,636,944 CAD | Building Class | C |
| Price Per Unit | $272,824 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 3,124 SF |
| Cap Rate | 6.94% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.56/1,000 SF |
| Zoning | EDBB-MU - EDBB-MU, East Dania Beach Boulevard Mixed-Use District. Redevelopment to place a greater emphasis on pedestrian activity and transit supportive dev | ||
| Price | $1,636,944 CAD |
| Price Per Unit | $272,824 CAD |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 3,124 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 2.56/1,000 SF |
| Zoning | EDBB-MU - EDBB-MU, East Dania Beach Boulevard Mixed-Use District. Redevelopment to place a greater emphasis on pedestrian activity and transit supportive dev |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,592 CAD | - |
| Studios | 2 | $2,183 CAD | - |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 50-42-34-11-0030 | Total Assessment | $1,054,674 CAD (2025) |
| Land Assessment | $97,049 CAD (2025) | Annual Taxes | $25,663 CAD ($8.21 CAD/SF) |
| Improvements Assessment | $957,625 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
50-42-34-11-0030
Land Assessment
$97,049 CAD (2025)
Improvements Assessment
$957,625 CAD (2025)
Total Assessment
$1,054,674 CAD (2025)
Annual Taxes
$25,663 CAD ($8.21 CAD/SF)
Tax Year
2024
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The Coastal Six | 213 SE Park St
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