701 NE 8th St - Apartments FOR SALE


Hallandale Beach, FL 33009
$2,150,000 USD
954-245-3488
701 NE 8th St, Hallandale Beach, FL for Sale
$2,150,000 USD
Apartments - FOR SALE
1/9
null | 4.53% Cap Rate

701 NE 8th St
Hallandale Beach, FL 33009


HIGHLIGHTS

  • Excellent Hallandale Beach Location
  • Located East of Federal Highway (US 1)
  • Highly Sought-After Rental Market
  • Offered For Sale by Long Term Owner of Over 8 Years
  • Desirable Unit Mix of One and Two Bedrooms
  • Roof is Approximately 5 years old

OVERVIEW

Marcus & Millichap, as exclusive listing agent is excited to bring to market Breezeway Apartments, a boutique apartment building located on NE 8th Street, east of Federal Highway (US 1) in the highly sought after market of Hallandale Beach, Florida. Hallandale Beach is located in Broward County, Florida between Miami to the south and Fort Lauderdale to the north making it easily accessible. Breezeway Apartments is located just north of Hallandale Beach Boulevard and east of Federal Highway (US 1), both major thorough fares lined with restaurants, retail and shopping, as well as providing access to the beaches. Additionally, The Big Easy Casino is one block to the west and Gulfstream Park and Casino and the Aventura Mall are just to the south of the property. South City Beach Park, the Village of Gulfstream Park, Hollywood Beach Boardwalk, Curci House and Dining Scene are other points of interest in the immediate area. Breezeway Apartments is comprised of a two-story, garden style apartment building situated on a .21 acre parcel. The property was constructed in 1973 of concrete block with a flat roof and offers a unit mix of eight one-bedroom and two two-bedroom units. The roof is approximately five years old and the 40-year certification has been completed. The units offer central air-conditioning and separate hot-water heaters. Each unit features tile flooring throughout. All apartments are separately metered for electricity, while water and trash removal are included in the rent. Breezeway Apartments offers an investor the rare opportunity to acquire a well-located property in a highly sought after Hallandale Beach location.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

10

PRICE/UNIT

$215,000

CAP RATE

4.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Breezeway Apartments

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

Brandon RexMarcus & MillichapMore Info
954-245-3488

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Brandon RexMarcus & MillichapMore Info
954-245-3488

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