1801 S Ocean Dr - Apartments CONDO FOR SALE


Hallandale Beach, FL 33009
$1,900,000 USD
216-973-9534
1801 S Ocean Dr, Hallandale Beach, FL for Sale
$1,900,000 USD
Apartments CONDO - FOR SALE
1/27
null | 6.12% Cap Rate

1801 S Ocean Dr
Hallandale Beach, FL 33009


HIGHLIGHTS

  • Units: 7
  • Traffic Count: 71,000 AADT
  • Allowable Uses: House of worship, public/private schools, public facilities/utilities, food store, beauty shop, restaurant, lounges, medical offices
  • Gross Income: $196,715.28

OVERVIEW

PRICE REDUCED! Apex Realty is proud to present a trophy retail investment opportunity located at Imperial Towers, a 420 unit luxury condo building located in Hallandale Beach.Located between Fort Lauderdale and Miami, Hallandale Beach is strategically positioned between a diverse array of submarkets with unparalleled access to South Florida’s main commercial corridors, attractions, and amenities. The property is located on the intersection of Hallandale Beach Blvd and S Ocean Drive, two of the busiest main corridors just steps away from the beach. The current income generated provides a going in cap rate of 6.12%, with significant value add potential. Once stabilized, this asset will generate over $200,000 net per year, providing a 10.5% pro forma cap rate.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

6.12%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial Condos For Sale

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

9,354 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

RM-HD-2

APN/PARCEL ID

51-42-26-BB-0240,51-42-26-BB-0280,51-42-26-BB-0340,51-42-26-BB-0380,51-42-26-BB-0530,51-42-26-BB-0550,51-42-26-BB-0940,51-42-26-BB-0960,51-42-26-BB-1110,51-42-26-BB-1150,51-42-26-BB-1250,51-42-26-BB-1280,51-42-26-BB-1401

ASK ABOUT THIS PROPERTY

Yoni SunshineApex Capital Realty LLCMore Info
216-973-9534

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Yoni SunshineApex Capital Realty LLCMore Info
216-973-9534

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.