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724 NE 4th St 12 Unit Apartment Building $4,102,281 CAD ($341,857 CAD/Unit) 5% Cap Rate Hallandale Beach, FL 33009
Investment Highlights
- 2 Story, 12 Unit apartment complex, corner lot
- 8-1 bed 1 bath units and 4-2 bed 1 bath units
- Property sits east of US1/Federal Hwy
- 40 year recertification completed!
Executive Summary
Meridian Commercial is proud to present a 12 unit multifamily property for sale in Hallandale Beach, Florida. This investment opportunity boasts an attractive unit mix of
8-1 bed 1 bath units and 4-2 bed 1 bath units. The apartment complex is located east of US1 and north of Hallandale Beach Boulevard in a charming residential neighborhood surrounded by beautiful parks and within minutes of restaurants, supermarkets, entertainment, and less than a mile to the ocean and world class beaches.
All apartments are above average in size and updated with large kitchens, tile flooring, and central air conditioning. The building has plenty of parking, a common laundry room and surveillance cameras.
The City of Hallandale Beach is a vibrant coastal city in southern Broward County, Florida, nestled between Miami and Fort Lauderdale. Known for its oceanfront properties, pristine beaches and attractions like Gulfstream Park and the Big Easy Casino. The city has been undergoing significant growth, with over $1billion in residential, commercial, and infrastructure projects in the pipeline. These revitalization efforts, spearheaded by the city and the Community Redevelopment Agency (CRA), aim to attract new residents and businesses, enhance
quality of life, and improve resiliency.
8-1 bed 1 bath units and 4-2 bed 1 bath units. The apartment complex is located east of US1 and north of Hallandale Beach Boulevard in a charming residential neighborhood surrounded by beautiful parks and within minutes of restaurants, supermarkets, entertainment, and less than a mile to the ocean and world class beaches.
All apartments are above average in size and updated with large kitchens, tile flooring, and central air conditioning. The building has plenty of parking, a common laundry room and surveillance cameras.
The City of Hallandale Beach is a vibrant coastal city in southern Broward County, Florida, nestled between Miami and Fort Lauderdale. Known for its oceanfront properties, pristine beaches and attractions like Gulfstream Park and the Big Easy Casino. The city has been undergoing significant growth, with over $1billion in residential, commercial, and infrastructure projects in the pipeline. These revitalization efforts, spearheaded by the city and the Community Redevelopment Agency (CRA), aim to attract new residents and businesses, enhance
quality of life, and improve resiliency.
Property Facts
| Price | $4,102,281 CAD | Building Class | C |
| Price Per Unit | $341,857 CAD | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 8,140 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RD-12, Hallandale - Central RAC | ||
| Price | $4,102,281 CAD |
| Price Per Unit | $341,857 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 8,140 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | RD-12, Hallandale - Central RAC |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
- Granite Countertops
Site Amenities
- Fenced Lot
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,397 CAD | 628 |
| 2+1 | 4 | $2,739 CAD | 778 |
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-42-22-13-0090 | Improvements Assessment | $2,982,425 CAD |
| Land Assessment | $178,937 CAD | Total Assessment | $3,161,363 CAD |
Property Taxes
Parcel Number
51-42-22-13-0090
Land Assessment
$178,937 CAD
Improvements Assessment
$2,982,425 CAD
Total Assessment
$3,161,363 CAD
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724 NE 4th St
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