Angelica Apartments Multi-Family FOR SALE


Hallandale Beach, FL
$3,500,000 USD
267-582-0452
, Hallandale Beach, FL for Sale
$3,500,000 USD
Multi-Family - FOR SALE
1/2
null | 6.81% Cap Rate

Angelica Apartments
Hallandale Beach, FL


OVERVIEW

Seller financing available with attractive terms! Introducing 109 SE 9th St AND 119 SE 9th St, TWO turnkey 8-unit multifamily gems in the heart of Hallandale Beach, just minutes from Gulfstream Shops and Casino and a 5-minute drive to Aventura Mall. Thes mostly renovated properties feature a mix of Two 2-bed/2bath units, Four 1-bed/1-bath units and Ten spacious studio units, many with updated flooring, kitchen cabinets, and bathrooms. Recent enhancements include a freshly painted exterior, revamped parking lot, and new impact windows and doors, offering both durability and curb appeal. A rare investment opportunity in a prime location! For sale together. *** Seller is willing to sell 119 SE 9th St separately, but will not sell 109 SE 9th St separately*** Seller Financing is available.50% LTV, 6% IO, 3 Years. 119 SE 9th St RENT ROLL Unit 1 - 1BR/1BA - $1,753/month Unit 2 - 1BR/1BA -$1,575/month Unit 3 - 1BE/1BA - $1,550/month Unit 4 -Studio - $1,450/month Unit 5 - Studio - $1,500/month Unit 6 - Studio - $1,200/month Unit 7 - Studio - $1,250/month Unit 8 - Studio - $1,500/month Gross Income - $141,336/year Operating Expenses:                 Real Estate Taxes - $15,272                  Insurance (Hazard + Liability) - $7,000    Water & Trash - $6,500 Maintenance & Repairs - $3,000    Electric - $6,000 Landscaping - $1,200                        Total Expenses - $38,972 Net Operating Income - $102,364 109 SE 9th St - RENT ROLL: Unit 1-two bedroom -S2,100/month Unit 2-STUDIO -S1,650/month Unit 3 -TWO bedroom -$3,000/month Unit 4 -STUDIO -$1,500/month Unit 4B -STUDIO -$1,573/month Unit 5 - ONE bedroom -$1,650/month Unit 6 - STUDIO -$1,500.00/month Unit 6B - STUDIO -$1,300/month Total-$14,273/month Annual income-$171,276 EXPENSES: Taxes- $21,012 Water and Garbage-$7200 Electric-$6600 Grass-$500, Total Expenses -$35,312 Net income-$ 135,964

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Ryan CarneyFausto Commercial Realty ConsultantsMore Info
267-582-0452

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Ryan CarneyFausto Commercial Realty ConsultantsMore Info
267-582-0452

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