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Property Description

Well-maintained and fully-renovated investment east of US-1 in fast-growing area of Hallandale Beach. The building is fully occupied with a gross return of 9.67% at asking price! Rents are below-market and can be improved with many new developments in the immediate area. Building consists of 8 units with 4 large 1/1 units with private yards and 4 studio apartments. Property currently licensed as non-transient apartment but could be changed to transient license to allow short term rentals like AirBNB.

Features
1
3
1
: Zoned
: Central Building A/c
: Concrete block construction, Cbs construction
: Tile floors
: Built-up roof
: Public water
Address Map
US
FL
Broward County
Hallandale
33009
Additional Information
3040
514227250050
$11,844
2017
Coconut grove
Ponce de leon
Coral springs
2,742 Sqft
8,616 Sqft
1

718 NE 3rd St

Hallandale, Florida 33009

8,616 Sqft
$978,000
Listing ID #A10468893
Basic Details
Property Type : Commercial Property
Prop Type/Type of Building : Apartments, Residential-multi-family
Listing Type : For Sale
Listing ID : A10468893
Price : $978,000
View : Garden view,other view
Year Built : 1954
Lot Area : 8,616 Sqft
Unit Number : 1-8
Status : Active
Agent info
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