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322 & 326 NE 6th St 326 NE 6th St

6 Unit Block of Flats £986,250 (£164,375/Unit) 7.04% Net Initial Yield Hallandale Beach, FL 33009

Investment Highlights

  • Unit Mix of Four 1 Bed/Bath Units and Two Studio Units
  • Minutes away from Gulfstream Park, Aventura Mall, New Hallandale Shopping Centers & Beaches
  • Plenty of Parking (more than 7 Spaces)
  • Renovated Interiors, Impact Windows/Doors, Individual Electric Meters, Two Water Meters, Coin Laundry Room
  • Potential revenue of $117,000 in Annual Gross Rental Income when raising to market rents
  • Central RAC Zoning Allowing for redevelopment of 50 Units per Acre

Executive Summary

We are pleased to present 322 & 326 NE 6th St, a prime 6-unit property in the heart of Hallandale Beach right off of US-1. Consisting of six well-maintained units, four of which are 1 bed/1 bath units, and two are studio units.. Equipped with separate electric meters, impact windows, and the added convenience of coin laundry for extra income. Minutes away from Gulfstream Park, Aventura Mall, the New Hallandale Shopping Center, and pristine beaches, this property offers both convenience and lifestyle. The property holds the potential for an income exceeding $117,000 when rents are adjusted to market rates. More than 8 parking spaces, ensuring convenience for residents. Central RAC zoning.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £986,250
Price Per Unit £164,375
Sale Type Investment
Net Initial Yield 7.04%
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.22 AC
Building Size 2,843 SF
Average Occupancy 100%
Number of Floors 1
Year Built 1954
Parking Ratio 1.76/1,000 SF
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 £1,341 -
Studios 2 £1,105 -
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code CENTRAL RAC (50 units per acre can be built.)
CENTRAL RAC (50 units per acre can be built.)
  • Listing ID: 32888214

  • Date on Market: 20/08/2024

  • Last Updated:

  • Address: 326 NE 6th St, Hallandale Beach, FL 33009

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