700 NE 6th St - Apartments FOR SALE


Hallandale Beach, FL 33009
$2,300,000 USD
954-743-7594
700 NE 6th St, Hallandale Beach, FL for Sale
$2,300,000 USD
Apartments - FOR SALE
1/20
null | 6.35% Cap Rate

700 NE 6th St
Hallandale Beach, FL 33009


HIGHLIGHTS

  • Prime Hallandale Beach Location: Just off US-1 near Gulfstream Park, Hollywood Beach, Aventura Mall, I-95, and FLL Airport.
  • 13-Unit Value-Add Multifamily: Strong unit mix with 11 studios, one 2BD/1BA, and one 1BD/1BA.
  • Renovation Upside: Several units renovated; additional vacant units under construction for rent growth.
  • Strong Pro Forma Income: Projected gross income of approximately $246,000 annually.
  • Growing Submarket: Located in an improving corridor with consistent rental demand.

OVERVIEW

Exceptional value-add multifamily opportunity in a prime Hallandale Beach location, right off US-1. Located at 700 NE 6th St, this 13-unit property includes 11 studio apartments, one 2BD/1BA, and one 1BD/1BA, with several units already updated and renovated on the interiors. Additional vacant units are currently under construction, allowing an investor to complete renovations to their standards and quickly elevate rents and overall NOI. The asset offers a strong pro forma gross income of $246,000 annually and sits in a rapidly improving corridor just minutes from major demand drivers—4 minutes to Gulfstream Park, 6 minutes to Hollywood Beach, 8 minutes to Aventura Mall, 10 minutes to I-95, and 15 minutes to Fort Lauderdale–Hollywood International Airport—ensuring exceptional accessibility and sustained rental demand.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$537 USD /SF

# OF UNITS

13

PRICE/UNIT

$176,923

CAP RATE

6.35%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hallandale Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RD-12

APN/PARCEL ID

51-42-22-13-0520

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.