Seller Financing Well Below Market | 5% Interest Only
Well-maintained | Renovated Asset
New Asphalt Resurfacing By Seller
Rare and Highly Desirable Unit Mix (4) 2/1 (4) 1/1 + 3 Separate Garages
ZONING & DEVELOPMENT HIGHLIGHTS
Current Zoning | NBHD-RES Neighborhood Residential
Contiguous Zoning | SFED-MU South Federal Mixed Use
Located in CRA | East Federal District
FLU | Regional Activity Center
Live Local Act Development | Buyer to Research SFED-MU Feasibility
PROPERTY DESCRIPTION
Highland Residences is an 8-unit multifamily opportunity with additional 3 separate garage income nestled in Dania Beach, south of Fort Lauderdale and north of Hollywood. In one of the most lucrative investment markets in the United States and globally. This property is well located and features convenient access to major roadways like US-1 and I-95, making commuting requirements a focal point for area residents. The Highland Residences is close proximity to Dania Pointe, a vibrant mix-use development offering a blend of retail, dining, and entertainment for tenants to experience a perfect balance of residential living and vibrant city life.
The rental market in Broward County continues to grow at a pace with very few rivals nationwide. Broward County's rental market has maintained its strength, characterized by moderate rent increases and relatively low vacancy rates. These factors indicate a balanced market that continues to attract renters. With plans to add up to 4,000 new residential units, including affordable housing, Dania Beach is proactively addressing housing demand. This expansion reflects the city's commitment to accommodating a growing population and workforce. Dania Beach offers a favorable environment for investors, characterized by streamlined development processes and supportive city leadership. The Community Redevelopment Agency (CRA) provides incentives and assistance, facilitating new developments and business relocations.
Highland Residences has seen numerous amounts of renovations in recent years that includes renovated kitchens and floors, washer and dryer in units, and upgraded bathrooms. The property is also suited with 3 additional income-generating garages rented out separate from the rental apartment units. New buyers will unlock further value through continued repositioning of each unit to maximize rental income, moving the rents to market.
LOCATION DESCRIPTION
Highland Residences is located in the City of Dania Beach, Florida. Situated between two thriving cities - Fort Lauderdale and Hollywood - offering residents and businesses easy access to the job markets, amenities, and attractions of both cities. The city’s proximity to Fort Lauderdale’s business and entertainment district makes it an attractive place for professionals who want to live in a quieter area but still be close to the city's bustling economy and social scene.
Dania Beach offers easy access to the Atlantic coastline without the high density and high prices of Fort Lauderdale Beach. It’s a desirable location for both tourists and residents seeking a quieter beach experience, contributing to long-term demand for rental properties. South Florida’s beach lifestyle is always in demand, and Dania Beach provides an affordable alternative for those who want to be close to the water but avoid the costs of living in more tourist-heavy areas.
The nearby development of Dania Pointe, a large mixed-use development with retail, dining, entertainment, and residential spaces, is a game-changer for the area. This project brings new businesses, amenities, and a high-end residential component, driving up demand for nearby housing. The city is undergoing significant infrastructure improvements, which is always a positive indicator for real estate investment. New developments, better roads, and public transport links are driving up property values.
Compared to the more expensive areas of Fort Lauderdale and Miami, Dania Beach offers more affordable properties for both buyers and renters. This price advantage makes it an attractive option for those looking for a coastal location with a lower cost of living. As the demand for housing in the region grows, especially with the development of Dania Pointe, rental prices in Dania Beach are expected to rise, providing great opportunities for rental income.
LOCATION HIGHLIGHTS
1.7 Miles to Hollywood North Beach Park
1.35 Miles to Anne Kolb Nature Center | Westlake
1.5 Miles to Dania Pointe
1 Mile to Casino at Dania Beach
2 Miles to Ft Lauderdale/Hollywood International Airport
