3740 W Hallandale Beach Blvd - Apartments FOR SALE


Pembroke Park, FL 33023
$1,700,000 USD
954-743-7594
3740 W Hallandale Beach Blvd, Pembroke Park, FL for Sale
$1,700,000 USD
Apartments - FOR SALE
1/20
null | 6.7% Cap Rate

3740 W Hallandale Beach Blvd
Pembroke Park, FL 33023


HIGHLIGHTS

  • Desirable Unit Mix: Four 1-bedroom and four 2-bedroom units offering broad tenant appeal.
  • Strong In-Place Income: Approximately $153,600 in current gross operating income.
  • Substantial Land Component: 8-unit portfolio situated on a sizable 14,000 SF lot.
  • Property Improvements: Several units feature impact windows for enhanced durability and protection.
  • Multifamily Upside: Opportunity for continued rental growth and long-term value appreciation.
  • Strategic Location: Conveniently located near I-95, US-441, the beach, and major employment centers.

OVERVIEW

3740 & 3744 W Hallandale Beach Boulevard present an opportunity to acquire a well-located 8-unit multifamily portfolio in Pembroke Park, consisting of four 1-bedroom/1-bath units and four 2-bedroom/1-bath units. The properties offer approximately 4,220 SF of combined building area on a substantial 14,000 SF lot and currently generate approximately $153,600 in Gross Operating Income. Several windows have been replaced with impact windows, providing an improvement to the property's condition and durability. Strategically positioned along Hallandale Beach Boulevard, the property offers convenient access to I-95 and US-441, while being approximately 13 minutes from Fort Lauderdale-Hollywood International Airport, 15 minutes from the beach, and 20 minutes from Downtown Fort Lauderdale and Downtown Hollywood. With a desirable unit mix, strong rental location, substantial land component, and current income in place, the property offers an attractive multifamily investment with potential for continued rental growth and future upside.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$806 USD /SF

# OF UNITS

8

PRICE/UNIT

$212,500

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hallandale Beach Blvd Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,038 SF

ZONING

B-1, 008

APN/PARCEL ID

51-42-30-09-0230

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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