Log In/Sign Up
Your email has been sent.
Hallandale Apartments 700 NE 6th St 13 Unit Apartment Building $3,199,852 CAD ($246,142 CAD/Unit) 6.35% Cap Rate Hallandale Beach, FL 33009
INVESTMENT HIGHLIGHTS
- Prime Hallandale Beach Location: Just off US-1 near Gulfstream Park, Hollywood Beach, Aventura Mall, I-95, and FLL Airport.
- Renovation Upside: Several units renovated; additional vacant units under construction for rent growth.
- Growing Submarket: Located in an improving corridor with consistent rental demand.
- 13-Unit Value-Add Multifamily: Strong unit mix with 11 studios, one 2BD/1BA, and one 1BD/1BA.
- Strong Pro Forma Income: Projected gross income of approximately $246,000 annually.
EXECUTIVE SUMMARY
Exceptional value-add multifamily opportunity in a prime Hallandale Beach location, right off US-1. Located at 700 NE 6th St, this 13-unit property includes 11 studio apartments, one 2BD/1BA, and one 1BD/1BA, with several units already updated and renovated on the interiors. Additional vacant units are currently under construction, allowing an investor to complete renovations to their standards and quickly elevate rents and overall NOI. The asset offers a strong pro forma gross income of $246,000 annually and sits in a rapidly improving corridor just minutes from major demand drivers—4 minutes to Gulfstream Park, 6 minutes to Hollywood Beach, 8 minutes to Aventura Mall, 10 minutes to I-95, and 15 minutes to Fort Lauderdale–Hollywood International Airport—ensuring exceptional accessibility and sustained rental demand.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$342,245
|
$79.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$342,245
|
$79.89
|
| Taxes |
$63,997
|
$14.94
|
| Operating Expenses |
$52,450
|
$12.24
|
| Total Expenses |
$116,447
|
$27.18
|
| Net Operating Income |
$225,798
|
$52.71
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $342,245 |
| Annual Per SF | $79.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $342,245 |
| Annual Per SF | $79.89 |
| Taxes (CAD) | |
|---|---|
| Annual | $63,997 |
| Annual Per SF | $14.94 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $52,450 |
| Annual Per SF | $12.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $116,447 |
| Annual Per SF | $27.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $225,798 |
| Annual Per SF | $52.71 |
PROPERTY FACTS
| Price | $3,199,852 CAD | Building Class | C |
| Price Per Unit | $246,142 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,284 SF |
| Cap Rate | 6.35% | Average Occupancy | 95% |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RD-12 - MULTIFAMILY 10+ UNITS | ||
| Price | $3,199,852 CAD |
| Price Per Unit | $246,142 CAD |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,284 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | RD-12 - MULTIFAMILY 10+ UNITS |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Refrigerator
SITE AMENITIES
- 24 Hour Access
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | $1,948 CAD | 534 |
| 1+1 | 2 | $2,504 CAD | 736 |
| 2+1 | 1 | $3,339 CAD | 1,055 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 51-42-22-13-0520 | Total Assessment | $2,343,160 CAD |
| Land Assessment | $119,544 CAD | Annual Taxes | $63,997 CAD ($14.94 CAD/SF) |
| Improvements Assessment | $2,223,616 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
51-42-22-13-0520
Land Assessment
$119,544 CAD
Improvements Assessment
$2,223,616 CAD
Total Assessment
$2,343,160 CAD
Annual Taxes
$63,997 CAD ($14.94 CAD/SF)
Tax Year
2025
1 of 21
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Hallandale Apartments | 700 NE 6th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.