615-713 NE 3rd St - Apartments FOR SALE


Hallandale Beach, FL 33009
$3,400,000 USD
954-426-5400
615-713 NE 3rd St, Hallandale Beach, FL for Sale
$3,400,000 USD
Apartments - FOR SALE
1/14
null | 6% Cap Rate

615-713 NE 3rd St
Hallandale Beach, FL 33009


HIGHLIGHTS

  • New impact windows, new roof, new kitchen, new bathrooms in most units, passed 50 year certification in 2022
  • Fully leased

OVERVIEW

NEWLY PRICE ED TOTAL OF 17 UNITS IN 5 BUILDINGS AND 3 FOLIOS. ALL BUILDINGS HAVE BRAND NEW IMPACT WINDOWS, ALL 5 ROOFS ARE NEW FROM 2018 TILL 2 MONTHS AGO. ALL UNITS HAVE BRAND NEW KITCHENS AND NEWER BATHROOMS. SOME UNITS HAVE WOOD VINYL AND OTHERS HAVE TILE. BRAND NEW LANDSCAPE AND A GAZIBO. ALL APPLIANCES HAVE BEEN REPLACED WHEN THE RENOVATION WAS DONE ALL WITHIN THE LAST 2 YEARS. ONE BULIDING HAS SPLIT AC'S AND THE REST HAVE WINDOW AC'S. BUILDING IS IN GREAT CONDITION, ALL RENTED, SOME WITH LEASES, AND OTHERS WITH MO/MO, GREAT RETURN. EAST OF US1 ABOUT 1.5 MILES AWAY FROM THE BEACH, CLOSE TO PUBLIC TRANSPORTATION, SHOPPING, AND GOLF STREAM.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

17

PRICE/UNIT

$200,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,268 SF

ZONING

CENTRAL RA

APN/PARCEL ID

51-42-22-13-0140,51-42-22-13-0150

ASK ABOUT THIS PROPERTY

Mervat AbdelnourRE/MAX Residential OfficeMore Info
954-426-5400

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Mervat AbdelnourRE/MAX Residential OfficeMore Info
954-426-5400

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