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803 NE 8th St 4 Unit Apartment Building $1,520,750 CAD ($380,188 CAD/Unit) 5.86% Cap Rate Hallandale Beach, FL 33009
INVESTMENT HIGHLIGHTS
- Three 1 Bed/1 Bath Units (573 SF each) in an adjacent triplex
- New Roofs; Triplex (Feb2024) and 3/2 House (Feb 2025)
- Impact Windows and Doors Throughout | Located East of Federal Highway – a Prime, High-Demand Rental Zone
- Freestanding 3 Bed/2 Bath Home (1,423 SF, recently renovated)
- Gated Entry with Secured Access | Lush, Tropical Landscaping Enhances Curb Appeal
- Individual Electric Meters | One Water Meter with Individual Shutoff Valves
EXECUTIVE SUMMARY
Rare East of US-1 4-Plex Opportunity in Hallandale Beach’s Booming Federal Highway Corridor
Available for the first time since 2012, this well-maintained 4-Plex is a standout investment opportunity located east of US-1 in the heart of Hallandale Beach’s rapidly transforming mixed-use district. Positioned in a neighborhood experiencing an estimated $1 billion in new development, the property offers tremendous upside in a high-growth submarket directly influenced by Aventura’s southward expansion.
Whether you’re an owner-occupant seeking stable income or an investor looking to capitalize on the area’s explosive momentum, this versatile asset delivers the location, unit mix, and infrastructure to support strong, long-term returns.
Property Highlights
Freestanding 3 Bed/2 Bath Home (1,423 SF, recently renovated)
Three 1 Bed/1 Bath Units (573 SF each) in an adjacent triplex
New Roofs; Triplex (Feb2024) and 3/2 House (Feb 2025)
Gated Entry with Secured Access
Impact Windows and Doors Throughout
Individual Electric Meters
One Water Meter with Individual Shutoff Valves – Ideal for Future Submetering
Lush, Tropical Landscaping Enhances Curb Appeal
All Units on Annual Leases with Staggered Expirations
Located East of Federal Highway – a Prime, High-Demand Rental Zone
?? Strategic Location
This property is situated within Hallandale’s urban core, surrounded by a wave of mixed-use and commercial development that’s redefining the Federal Highway corridor. Just minutes from Gulfstream Park, the beach, Aventura Mall, and major transit routes, this location benefits from the vibrancy of both Hallandale and Aventura, creating a synergistic, high-demand rental market.
Available for the first time since 2012, this well-maintained 4-Plex is a standout investment opportunity located east of US-1 in the heart of Hallandale Beach’s rapidly transforming mixed-use district. Positioned in a neighborhood experiencing an estimated $1 billion in new development, the property offers tremendous upside in a high-growth submarket directly influenced by Aventura’s southward expansion.
Whether you’re an owner-occupant seeking stable income or an investor looking to capitalize on the area’s explosive momentum, this versatile asset delivers the location, unit mix, and infrastructure to support strong, long-term returns.
Property Highlights
Freestanding 3 Bed/2 Bath Home (1,423 SF, recently renovated)
Three 1 Bed/1 Bath Units (573 SF each) in an adjacent triplex
New Roofs; Triplex (Feb2024) and 3/2 House (Feb 2025)
Gated Entry with Secured Access
Impact Windows and Doors Throughout
Individual Electric Meters
One Water Meter with Individual Shutoff Valves – Ideal for Future Submetering
Lush, Tropical Landscaping Enhances Curb Appeal
All Units on Annual Leases with Staggered Expirations
Located East of Federal Highway – a Prime, High-Demand Rental Zone
?? Strategic Location
This property is situated within Hallandale’s urban core, surrounded by a wave of mixed-use and commercial development that’s redefining the Federal Highway corridor. Just minutes from Gulfstream Park, the beach, Aventura Mall, and major transit routes, this location benefits from the vibrancy of both Hallandale and Aventura, creating a synergistic, high-demand rental market.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$128,655
|
$31.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$128,655
|
$31.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$54,372
|
$13.50
|
| Net Operating Income |
$74,283
|
$18.45
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $128,655 |
| Annual Per SF | $31.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $128,655 |
| Annual Per SF | $31.95 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $54,372 |
| Annual Per SF | $13.50 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $74,283 |
| Annual Per SF | $18.45 |
PROPERTY FACTS
| Price | $1,520,750 CAD | Building Class | C |
| Price Per Unit | $380,188 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 4,027 SF |
| Cap Rate | 5.86% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1956/1990 |
| Property Subtype | Apartment | Parking Ratio | 2.98/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RD-12 - Residential Multi-Family | ||
| Price | $1,520,750 CAD |
| Price Per Unit | $380,188 CAD |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,027 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1956/1990 |
| Parking Ratio | 2.98/1,000 SF |
| Zoning | RD-12 - Residential Multi-Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $2,143 CAD | 573 |
| 3+2 | 1 | $4,258 CAD | 573 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (72)
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803 NE 8th St
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