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Orchid Grove 750 NW 9th Ave 14 Unit Apartment Building $3,026,065 CAD ($216,148 CAD/Unit) 5.26% Cap Rate Hallandale Beach, FL 33009
Executive Summary
750 Northwest 9th Avenue is a 14-unit apartment complex, consisting of three single-story buildings constructed in 1956 of concrete block and stucco with shingle and flat roofs. The unit mix consists of (14) one-bedroom/one-bathroom units. The building contains approximately 5,875 square feet and sits on a 0.33-acre lot. All units have been renovated by current ownership and feature either vinyl wood-plank or ceramic tile flooring, with new kitchens and bathrooms, stainless steel appliances, and window/wall air conditioning units.
Property Facts
| Price | $3,026,065 CAD | Property Subtype | Apartment |
| Price Per Unit | $216,148 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.26% | Lot Size | 0.33 AC |
| Gross Rent Multiplier | 9.09 | Building Size | 5,875 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Zoning | RD-12 | ||
| Price | $3,026,065 CAD |
| Price Per Unit | $216,148 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 9.09 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,875 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Zoning | RD-12 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1410 | - | 420 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 51-42-21-02-0120 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,528,744 CAD |
Property Taxes
Parcel Number
51-42-21-02-0120
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,528,744 CAD
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Orchid Grove | 750 NW 9th Ave
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