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Hallandale Beach Apartments 705-713 NE 3rd St 9 Unit Apartment Building $2,961,625 CAD ($329,069 CAD/Unit) Hallandale Beach, FL 33009
Investment Highlights
- True Live-Work-Play Destination in Hallandale Beach, FL
- Massive Development Momentum Around It
- New luxury towers, retail centers, and mixed-use projects are clustering around Gulfstream.
- Higher tenant demand, Ability to increase rents, lower vacancy
- Hallandale Beach has $1B+ in active and planned development and over 24 major projects reshaping the skyline.
- Excellent opportunity to acquire a 9-unit multifamily property situated on a 13,430 SF (0.31-acre) lot.
Executive Summary
Amazing Opportunity – 9 Apartment Units on an Oversized 13,430 SF Lot (0.31 Acres) This is a rare value-add opportunity featuring 9 apartment units situated on an oversized 13,430 SF lot (0.31 acres). The property offers several recent improvements, including impact windows installed by the previous owner and a new roof completed in 2018. Interior finishes include a mix of vinyl flooring and tile flooring throughout the units. In terms of cooling, 2 units have split A/C systems and 7 units have window A/C units. 9 Assigned Parking Spaces Current rents are below market, creating significant upside potential for a new owner. The location is exceptional, and the redevelopment potential is tremendous. According to zoning, the property may allow for the development of a new 5-story multifamily building with up to 15.42 units and approximately 8,774 SF of building area. Investment Highlights: Strong value-add play through rent increases Opportunity to modernize units and significantly boost NOI Large lot offering future redevelopment optionality Located in a prime rental corridor with strong demand fundamentals This creates a rare covered land play — generate income today while planning a future redevelopment exit. You’re not buying into a location — you’re buying into an established urban core. Buyer must independently verify all zoning, density, and development potential with the appropriate zoning department and conduct their own due diligence.
Property Facts
| Price | $2,961,625 CAD | Building Class | C |
| Price Per Unit | $329,069 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 3,824 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1951 |
| Apartment Style | Low-Rise | Parking Ratio | 2.61/1,000 SF |
| Zoning | RD-12 - According to zoning, the property may allow for the development of a new 5-story multifamily building with up to 15.42 units and approx. 8,774 sf | ||
| Price | $2,961,625 CAD |
| Price Per Unit | $329,069 CAD |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,824 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 2.61/1,000 SF |
| Zoning | RD-12 - According to zoning, the property may allow for the development of a new 5-story multifamily building with up to 15.42 units and approx. 8,774 sf |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-42-22-13-0120 | Improvements Assessment | $1,240,150 CAD |
| Land Assessment | $184,998 CAD | Total Assessment | $1,425,148 CAD |
Property Taxes
Parcel Number
51-42-22-13-0120
Land Assessment
$184,998 CAD
Improvements Assessment
$1,240,150 CAD
Total Assessment
$1,425,148 CAD
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Hallandale Beach Apartments | 705-713 NE 3rd St
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