215 NE 10th Ave - Apartments FOR SALE


Hallandale Beach, FL 33009
$3,060,000 USD
954-245-3492
215 NE 10th Ave, Hallandale Beach, FL for Sale
$3,060,000 USD
Apartments - FOR SALE
1/15
null | 5.82% Cap Rate

215 NE 10th Ave
Hallandale Beach, FL 33009


HIGHLIGHTS

  • 18-Unit Value Add Multifamily Opportunity on 1.1 Acre Site in East Hallandale Beach
  • 8 Buildings comprised of (4) Studios, (1) One-Bedroom and (13) Two-Bedroom units
  • Prime Location East of US-1, just a few blocks North of Hallandale Beach Boulevard
  • Proximate to Gulfstream Park, Diplomat Shopping Plaza, Publix, the Beach, Aventura
  • 9% Population Growth since 2010 and $99,323 Avg Household Income within 3-miles

OVERVIEW

215 Northeast 10th Avenue was constructed in 1956 and comprises (8) single-story concrete block buildings with painted stucco exteriors and shingle roofs. The property currently consists of (4) studio apartments, (1) one-bedroom/one-bathroom apartment and (13) two-bedroom/one-bathroom apartments. The buildings total 10,180 square feet and encompass a 47,498-square-foot lot (1.09 acres), according to the Broward County Property Appraiser. 215 Northeast 10th Avenue is located in Hallandale Beach, Florida, offering residents convenient access to Hallandale Beach Boulevard and Federal Highway (US-1) and positioning the property near major employment centers and daily-needs retail. The surrounding 3-mile area reports an average household income of $99,323 and population growth of 9.01% since 2010 (Experian). The property is also a short drive to Aventura, Hollywood, Sunny Isles, and Fort Lauderdale. Surrounding retailers and points of interest include Bank of America (0.3 miles), Wells Fargo (0.5 miles), Dunkin’ (0.5 miles), Hallandale Place Shopping Center (Publix, Petco) (0.7 miles), Walgreens Pharmacy (0.8 miles), Diplomat Shopping Center (Chase, Starbucks, Panera) (0.9 miles), Atlantic Village (0.9 miles), The Big Easy Casino (1.0 miles), CVS (1.0 miles), Peter Bluesten Park (1.1 miles) and Gulfstream Park (Casino, Yard House, Texas de Brazil) (1.2 miles). Additionally just a short drive from the property is Walmart Supercenter (1.4 miles), Aventura Commons (Whole Foods, Target, Best Buy) (1.4 miles), Young Circle / Downtown Hollywood (1.7 miles), Brightline (Aventura Station) (2.6 miles), and Fort Lauderdale-Hollywood International Airport (6.4 miles). Nearby educational facilities include Hollywood Central Elementary School (1.6 miles), Hallandale High School (1.9 miles), Gulfstream Academy of Hallandale Beach K-8 (2.0 miles), and McNicol Middle School (2.2 miles).

FOR SALE DETAILS

PRICE

$3,060,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

18

PRICE/UNIT

$170,000

CAP RATE

5.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,498 SF

ZONING

RD-12

APN/PARCEL ID

51-42-27-01-0160

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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