701 & 721 SW 6th st - Apartments FOR SALE


Hallandale Beach, FL 33009
$1,700,000 USD
954-743-7594
701 & 721 SW 6th st, Hallandale Beach, FL for Sale
$1,700,000 USD
Apartments - FOR SALE
1/17
null | 5.67% Cap Rate

701 & 721 SW 6th st
Hallandale Beach, FL 33009


HIGHLIGHTS

  • 4 Separate Houses including one 4 bed/2 bath, one 3 bed/ 2 bath and two 2 bed/1 bath houses
  • Huge 1 Acre Lot allowing for redevelopment of up to 14 brand new townhouses
  • Potential revenue of $144k in Gross Rental Income when raising to market rents
  • Minutes away from Gulfstream Park, Aventura Mall, New Hallandale Shopping Centers & Beaches
  • Plenty of Parking (more than 11 spaces)

OVERVIEW

Not your typical Fourplex! This unique property features 4 large houses situated on a huge 1-acre development site. Consisting of two folios, the addresses are 701, 711, 721, and 721a SW 6th St. Beyond being an amazing income-producing asset, this prime lot offers the potential to build 14 new townhouses. The property includes one 4 bed/2 bath house, two 3 bed/2 bath houses, and one 2 bed/1 bath house. Currently fully occupied, it generates a gross annual income of just over $115k, with upside to increase to $144k annually when rents are raised to market rates. Each house has plenty of parking and a large yard. Minutes away from Gulfstream Park, Aventura mall, Shopping Centers, and pristine beaches, this property offers both current income and future development opportunities.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

4

PRICE/UNIT

$425,000

CAP RATE

5.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Large Houses on 1 Acre Lot

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

45,020 SF

ZONING

RD-12

APN/PARCEL ID

51-42-28-33-0590,51-42-28-33-0610

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 Policy.