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26 SE 13th Terrace, Dania Beach, FL, 33004

26 SE 13th Terrace
$1,475,000

Key Information

Cap Rate
4.95%
$ per SF
$584
$ per unit
$210
Units
7
Year Built
1950
Type
Apartments
Occupancy
100%
NOI
$72,796

Highlights

  • Renovated Interiors: Units have been updated inside, giving a new owner a clean, move-in ready asset without the immediate capital outlay of a renovation play.
  • Balanced Unit Mix: 4 studios and 3 one-bedrooms ranging from approximately 300 to 550 SF. Broad renter appeal, low rollover risk, and steady cash flow across market cycles.
  • 100% Occupied | Day-One Income: All 7 units are leased and occupied. In-place rents are $10,025/month — $120,300 annually — with zero lease-up risk at close.
  • Concrete Block Construction: Built to last. Concrete block construction means lower maintenance costs and better resilience in a hurricane market — exactly what long-term hold investors want to see.
  • East of Federal: A hard-to-find location east of US-1 in Dania Beach — one of Broward’s most in-demand rental pockets with coastal proximity, tight vacancy, and consistent tenant demand.
  • Rental Upside Still on the Table: Most units are sitting below market. Bringing rents to market-rate ($1,400 studios / $1,750 one-bedrooms) adds $825/month — nearly $10,000 a year in additional income as leases naturally roll.
  • Organic Rent Growth: Upside is driven by lease rollover — not construction risk. Interiors are already renovated; the operational lever is patient mark-to-market over a 12–24 month window.
  • Monthly Upside: $850 Monthly Upside.
  • Annualized Upside: $9.9k Annualized Upside.
  • Blended Market to Market: ±11.5% Blended Market to Market.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203