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Hi Li Apartments 32 SE 2nd Ave 21 Unit Apartment Building $4,817,286 CAD ($229,395 CAD/Unit) 5.31% Cap Rate Dania, FL 33004
Investment Highlights
- Strong In-Place Cash Flow: Currently generating approximately $184,000 in annual NOI.
- Efficient Unit Mix: Eleven 1-bedroom units and ten studios with full kitchens.
- Workforce Housing Demand: Positioned in a growing rental market with strong tenant demand drivers.
- Value-Add Opportunity: Potential to increase income through rent growth and lease stabilization.
- Ample On-Site Parking: 22 dedicated parking spaces for tenant convenience.
- Strategic Dania Beach Location: Minutes from the beach, airport, Downtown Hollywood, and Interstate 95.
Executive Summary
32 SE 2nd Avenue is a 21-unit multifamily property located in the heart of Dania Beach, consisting of eleven 1-bedroom/1-bath units and ten studio units with full kitchens, ideally positioned near major transportation corridors, employment centers, shopping, dining, and entertainment. The property features 22 on-site parking spaces, an on-site camera security system, and a combination of window A/C units and central air conditioning throughout. Currently producing approximately $184,000 in NOI, the asset offers additional upside potential through rent increases and conversion to long-term leases, as many units are currently operating on month-to-month rentals. Conveniently located approximately 8 minutes from the beach, 6 minutes from Fort Lauderdale-Hollywood International Airport, 10 minutes from Downtown Hollywood, and with easy access to Interstate 95, the property benefits from strong and consistent workforce housing demand in one of South Florida’s fastest-growing rental markets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,817,286 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $229,395 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 5.31% | Building Size | 9,922 SF |
| No. Units | 21 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Zoning | RM, Dania | ||
| Price | $4,817,286 CAD |
| Price Per Unit | $229,395 CAD |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 9,922 SF |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | RM, Dania |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| Studios | 10 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-42-34-10-0210 | Total Assessment | $2,863,419 CAD (2026) |
| Land Assessment | $201,142 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,662,277 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
50-42-34-10-0210
Land Assessment
$201,142 CAD (2026)
Improvements Assessment
$2,662,277 CAD (2026)
Total Assessment
$2,863,419 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Hi Li Apartments | 32 SE 2nd Ave
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