$925,000 718 Ne 3rd St # 1-8 Hallandale, FL

MLS: A10468893   Type: Commercial   County: Broward   City: Hallandale   Area: 3040   Zip: 33009   Style: Income Non-Waterfront     Stories: 1   Taxes: $11,844

Mortgage $4,343 /mo



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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.

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Price History

5/14/2018 Listed $978,000
7/18/2018 4% - $945,000
9/14/2018 3% - $925,000

Acreage Description 1/4 Acre Or Less
Approximate Lot Size 8616
Area 3040
Building Sq Ft 2742
Improvement Height Com 1 Story
Locationof Property City Location, In Residential Area
Num Loading Doors 0
Prop Type Typeof Building Apartments, Residential-Multi-Family
Property Description 8 Unit Apartment Building
Property Sq Ft 8616
Property Type Commercial/Industrial
Section 27
Status Active
Styleof Property Income Non-Waterfront
Subdivision Number 25
Terms Considered All Cash, Conventional/Refinance
Total Expenses 27430
Township Range 51
Type of Property Income
Utility Expense 5850
Year Built 1954
Year Built Description Resale

Interior Features

Ceiling Description Sheet Rock
Cooling Description Wall/Window Unit Cooling
Electric Service 0-100 Amps
Fire Protection Smoke Detector
Flooring Tile Floors
Heating Description Wall/Window Units
Interior Ceiling Height 8.0000
Num Floors 1
Offices 0
Unit Count 6

Exterior Features

Buidlings 3
Construction Type Concrete Block Construction, CBS Construction
Dock Height 0
Door Height Door Ht 0-8'
Flood Zone AE
Lot Sq Footage 8616
Num Bays 0
Parking Description Other Parking
Parking Spaces 8
Road Frontage City Road
Roof Description Built-Up Roof
Sewer Description Public Sanitation
Water Description Public Water
Waterfront Property No

Property Schools

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Gallery (8 photos)

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Property vs Zip Code Avg (33009)

Price 925K Avg 411K

Sqr Feet 8,616 Avg 12,324

Cost / Sqr Ft $107 Avg $33

Taxes $11,844 Avg $10,081

Acres 0.197796 Avg 0.27

Visits 44 Avg 22

Days on Site 133 Avg 147

Walkscore® 78 Avg 71

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Listing Provided Courtesy Of: EWM Realty International

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Location & Address

Kate Smith
20200 West Dixie Hwy, Suite 604
Aventura, FL