615 NE 7th St - Apartments FOR SALE


Hallandale Beach, FL 33009
$1,500,000 USD
954-923-2325
615 NE 7th St, Hallandale Beach, FL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/21
null | 4.3% Cap Rate

615 NE 7th St
Hallandale Beach, FL 33009


OVERVIEW

This 7 Plex is located east of US and across the street from the vibrant mixed-use district which has rapidly transformed the federal highway corridor in Hallandale Beach which is experiencing an estimated $1 billion in new projects. While the area is emerging as a dynamic hub for investment and development, the evolution is notably influenced by the expansion of neighboring Aventura, which is extending its commercial reach southward, creating a synergistic and vibrant market environment. The property consists of 2 buildings consisting of a 3plex & 4plex with 7 (1/1) apartments, all on one-year leases with varying expiration dates. Property Highlights Well Maintained Property 6 of the 7 Apartments Were 100% Remodeled Upgraded with Impact Windows Gated Community Obtained Forty-Year Recertification Individual Water Shutoff Valves per Unit Property was preventively treated and tented for termites Dec 2024 All asphalting was resurfaced with permit in November 2024 Hallandale in the process of creating underground Utility Lines. To be completed 2026 Excellent Location (East of Federal Highway) and Located in the Epicenter of Federal Highway Redevelopment East Building (605) Roof Replaced2015 Parking: One Space Per Unit + 2 Guest (9 Spaces)

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$411 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,286

CAP RATE

4.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,701 SF

ZONING

RD-12

APN/PARCEL ID

51-42-22-13-0960

ASK ABOUT THIS PROPERTY

Peter DackoMedia RealtyMore Info
954-923-2325

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Peter DackoMedia RealtyMore Info
954-923-2325

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