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701 NE 8th St
Hallandale Beach, FL 33009

$2,100,000 USD

Apartments For Sale  •  6,044 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,044 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1973
  • Cap Rate 4.94 %
  • Zoning RD-12
43 Transit Score
85 Walk Score

Highlights

Rare Opportunity To Acquire A Well-Maintained Multifamily Asset In The Heart Of Hallandale Beach - 40-Year Recertification Was Completed
Two-Story Garden Style Building Situated On Approximately 0.21 Acres Of Land
Property Features Strong Day 1 Cash Flow With The Ability To Further Increase Rents By Almost 11.63% With Little To No Capital Expenditures
Spacious Units All Featuring Tile Flooring, Stainless Steel Appliances, Premium Kitchen Cabinetry, Quartz Countertops, Updated Bathrooms, And More
All Units Separately Metered For Electricity - Units Offer Central Air-Conditioning Throughout And Separate Hot Water Heaters
Prime Hallandale Beach Location Within Walking Distance To The Big Easy Casino, Restaurants, Retailers, Nightlife

Property Flyers

Cap Rate: 4.94 %

Public Transportation

Commuter RailDriveWalkDistance
7 min - 3.0 mi
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 3.0 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 15 min - 8.1 mi
Miami International 41 min - 23.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Ryan Wold 954-312-1678 Franklin Street
Ryan Wold 954-312-1678 Franklin Street