701 NE 8th St
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701 NE 8th St
10 Unit Block of Flats £1,735,800 (£173,580/Unit) 5.22% Net Initial Yield Hallandale Beach, FL 33009
Investment Highlights
- 100% leased
Executive Summary
Great investment opportunity in a prime location on Hallandale Beach, east of US1. 10 unit multifamily building, 8 one bedrooms 2 two bedrooms. Fully rented, all updated and in good conditions. Near the Gulf Stream Park and Casino and the Big Easy Casino. New developments in the area.
Financial Summary (Actual - 2023) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,735,800 | Building Class | C |
| Price Per Unit | £173,580 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 7,888 SF |
| Net Initial Yield | 5.22% | Average Occupancy | 100% |
| No. Units | 10 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,735,800 |
| Price Per Unit | £173,580 |
| Sale Type | Investment |
| Net Initial Yield | 5.22% |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,888 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.3/1,000 SF |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | £1,243 | - |
| 2+1 | 2 | £1,460 | - |
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Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 51-42-22-13-1140 | Improvements Assessment | £897,937 (2024) |
| Land Assessment | £72,525 (2024) | Total Assessment | £1,067,501 (2024) |
PROPERTY TAXES
Parcel Number
51-42-22-13-1140
Land Assessment
£72,525 (2024)
Improvements Assessment
£897,937 (2024)
Total Assessment
£1,067,501 (2024)
zoning
| Zoning Code | RD-12 (Residential Zoning) |
| RD-12 (Residential Zoning) |
-
Ed Roberts -
Albert Zuniga -
Beachfront Realty, Inc
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701 NE 8th St
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