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701 NE 8th StHallandale Beach, FL 33009
701 NE 8th St
Asset ClassMultifamily
Deal Size$2.1 M
# Units: 10Square Feet: 6,044Year Built: 1973Access Data Room
overview of deal

Overview

701 NE 8th St in Hallandale Beach, FL is a fully leased, 10-unit multifamily property built in 1973, featuring a mix of 1- and 2-bedroom apartments on a 0.21-acre lot, with on-site parking and an excellent location just minutes from beaches, shopping, and highways—offering steady income and strong investment appeal in a rapidly growing area.

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Investment Highlights

  • Rare Opportunity To Acquire A Well-Maintained Multifamily Asset In The Heart Of Hallandale Beach
  • Two-Story Garden Style Building Situated On Approximately 0.21 Acres Of Land
  • Property Features Strong Day 1 Cash Flow With The Ability To Further Increase Rents By Almost 11.63% With Little To No Capital Expenditures
  • Spacious Units All Featuring Tile Flooring, Stainless Steel Appliances, Premium Kitchen Cabinetry, Quartz Countertops, Updated Bathrooms, And More
  • All Units Seperately Metered For Electricity
  • Some Exterior Improvements Include Recently Repaved Parking And Relatively New Roof (5 Years)
  • 40-Year Recertification Was Completed
  • Units Offer Central Air-Conditioning Throughout And Separate Hot Water Heaters
  • Prime Hallandale Beach Location Within Walking Distance To The Big Easy Casino, Restaurants, Retailers, Nightlife, And More
  • Located Just Off N Federal Hwy (US-1) And NE 8th St Providing Easy Access To Anywhere In Broward And Miami-Dade Via I-95
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701 NE 8th StHallandale Beach, FL 33009

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Listing provided by Revere CRE