701 6 St, Hallandale Beach, FL 33009
4 Unit Apartment Building | $1,700,000 ($425,000/Unit) | 5.67% Cap Rate | Hallandale Beach, FL 33009
For Sale
Active
19 pictures
Asking Price $1,700,000
- Property Type
-
Multifamily
- Square Feet
- 3,955 SF
Listing Contacts
Elior Levi
Carlos Fausto Miranda
Inigo Aldecoa
- Property Info
Property Overview
Not your typical Fourplex! This unique property features 4 large houses situated on a huge 1-acre development site. Consisting of two folios, the addresses are 701, 711, 721, and 721a SW 6th St. Beyond being an amazing income-producing asset, this prime lot offers the potential to build 14 new townhouses. The property includes one 4 bed/2 bath house, two 3 bed/2 bath houses, and one 2 bed/1 bath house. Currently fully occupied, it generates a gross annual income of just under $100k, with upside to increase to $144k annually when rents are raised to market rates. Each house has plenty of parking and a large yard. Minutes away from Gulfstream Park, Aventura mall, Shopping Centers, and pristine beaches, this property offers both current income and future development opportunities.
Property Details
- Class
- C
- Year Built
- 1961
- Stories
- 1
- Lot Size (sq. ft)
- 44,867 SF
- Units
- 4
Highlights
- 4 Separate Houses including one 4 bed/2 bath, one 3 bed/ 2 bath and two 2 bed/1 bath houses
- Huge 1 Acre Lot allowing for redevelopment of up to 14 brand new townhouses
- Potential revenue of $144k in Gross Rental Income when raising to market rents
- Minutes away from Gulfstream Park, Aventura Mall, New Hallandale Shopping Centers & Beaches
- Plenty of Parking (more than 11 spaces)
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].