724 NE 4th St - Apartments FOR SALE


Hallandale Beach, FL 33009
$2,995,000 USD
954-918-4902
724 NE 4th St, Hallandale Beach, FL for Sale
$2,995,000 USD
Apartments - FOR SALE
1/25
null | 5% Cap Rate

724 NE 4th St
Hallandale Beach, FL 33009


HIGHLIGHTS

  • 2 Story, 12 Unit apartment complex, corner lot
  • Property sits east of US1/Federal Hwy
  • 8-1 bed 1 bath units and 4-2 bed 1 bath units
  • 40 year recertification completed!

OVERVIEW

Meridian Commercial is proud to present a 12 unit multifamily property for sale in Hallandale Beach, Florida. This investment opportunity boasts an attractive unit mix of 8-1 bed 1 bath units and 4-2 bed 1 bath units. The apartment complex is located east of US1 and north of Hallandale Beach Boulevard in a charming residential neighborhood surrounded by beautiful parks and within minutes of restaurants, supermarkets, entertainment, and less than a mile to the ocean and world class beaches. All apartments are above average in size and updated with large kitchens, tile flooring, and central air conditioning. The building has plenty of parking, a common laundry room and surveillance cameras. The City of Hallandale Beach is a vibrant coastal city in southern Broward County, Florida, nestled between Miami and Fort Lauderdale. Known for its oceanfront properties, pristine beaches and attractions like Gulfstream Park and the Big Easy Casino. The city has been undergoing significant growth, with over $1billion in residential, commercial, and infrastructure projects in the pipeline. These revitalization efforts, spearheaded by the city and the Community Redevelopment Agency (CRA), aim to attract new residents and businesses, enhance quality of life, and improve resiliency.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

12

PRICE/UNIT

$249,583

CAP RATE

5%

% 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

1977

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,990 SF

ZONING

RD-12, Hallandale

APN/PARCEL ID

51-42-22-13-0090

ASK ABOUT THIS PROPERTY

Julie AbolafiaMeridian CommercialMore Info
954-918-4902

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Julie AbolafiaMeridian CommercialMore Info
954-918-4902

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