701 NE 8th St - Apartments FOR SALE


Hallandale Beach, FL 33009
$2,100,000 USD
954-312-1678
701 NE 8th St, Hallandale Beach, FL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/31
null | 4.94% Cap Rate

701 NE 8th St
Hallandale Beach, FL 33009


HIGHLIGHTS

  • Rare Opportunity To Acquire A Well-Maintained Multifamily Asset In The Heart Of Hallandale Beach - 40-Year Recertification Was Completed
  • Two-Story Garden Style Building Situated On Approximately 0.21 Acres Of Land
  • Property Features Strong Day 1 Cash Flow With The Ability To Further Increase Rents By Almost 11.63% With Little To No Capital Expenditures
  • Spacious Units All Featuring Tile Flooring, Stainless Steel Appliances, Premium Kitchen Cabinetry, Quartz Countertops, Updated Bathrooms, And More
  • All Units Separately Metered For Electricity - Units Offer Central Air-Conditioning Throughout And Separate Hot Water Heaters
  • Prime Hallandale Beach Location Within Walking Distance To The Big Easy Casino, Restaurants, Retailers, Nightlife

OVERVIEW

701 NE 8th St presents a rare opportunity to acquire a well-maintained multifamily asset in the heart of Hallandale Beach. The two-story, 6,044 SF garden-style building features 10 units and has been consistently operated at 100% occupancy, offering investors reliable day-one income with minimal operational friction. Built in 1973 and positioned within the CENTRAL RAC zoning district, the property provides both long-term stability and flexibility for future multifamily-oriented use. Each unit has been thoughtfully modernized, creating an attractive and durable rental product that appeals to today’s residents. Interiors feature tile flooring, stainless steel appliances, premium kitchen cabinetry, quartz countertops, and updated bathrooms, resulting in a turnkey living experience with minimal maintenance requirements. Operational efficiency is enhanced through separate electrical metering, central air-conditioning, individual hot water heaters, a recently repaved parking area, and a roof that was replaced approximately five years ago. The property has also completed its 40-year recertification, providing added peace of mind for investors. With strong in-place cash flow and clear potential to further elevate rents with little to no capital expenditure, the property represents a compelling acquisition for Multifamily and Low-Rise/Garden investors seeking a stable, income-producing asset. The location delivers consistent tenant demand and long-term retention, making this offering a standout opportunity within the Hallandale Beach multifamily market.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

10

PRICE/UNIT

$210,000

CAP RATE

4.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RD-12

APN/PARCEL ID

51-42-22-13-1140

ASK ABOUT THIS PROPERTY

Ryan WoldFranklin StreetMore Info
954-312-1678

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Ryan WoldFranklin StreetMore Info
954-312-1678

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