December 11, 2024 – Hernando Perez of Horvath & Tremblay has arranged the sale of East Oakwood Flats, a ten (10) unit multi-family building in Dania Beach, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,160,000.
East Oakwood Flats is a 10-unit multi-family property located at 731 SW 3rd Street and 414 Phippen Waiters Road in Dania Beach, Florida. The two Property Portfolio consists of ten (10) multi-family units comprised of (8) One-Bedroom and (2) Two-Bedroom apartments, with tile or vinyl flooring, through wall air conditioning and ample parking for residents & guests, with a common area courtyard or patio. The two Property portfolio has a total land area of 0.462 acres and are zoned RS-6000 and NBHD-RES both in the path of progress within the urban core of Dania Beach. This is a true value add investment, as the property was delivered vacant, offering the new owner the opportunity to implement an extensive interior & exterior capital improvement program, without delay, day one of acquisition. By implementing this renovation strategy, the investment will provide significant upside in future rents through lease-up and hands-on management, thus substantially increasing the underlying value of the asset. The properties are centrally located just East of I-95, South of Stirling Rd., West of Federal Highway (US 1). The property is walking distance to Mary Bethune Elementary & Attucks Middle Schools. Additionally, the property is surrounded by national retailers, grocery stores, dinning & major points of interest like Dania Pointe Shops, Oakwood Plaza, Casino @ Dania Beach, the Dania Beach Pier, Dania Beach Marina and numerous renown beaches. Short driving distance to many employment hubs in downtown Fort Lauderdale, Hollywood and Aventura, the Seminole Hard Rock Casino, Fort Lauderdale-Hollywood Intl. Airport, Port Everglades & the World-Famous Hollywood Beach Boardwalk with many resorts, entertainment venues and tourist destinations.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.