For Sale
$595,000

222 4 CtHallandale Beach, FL 33009

Prime location, 2-unit apartment building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2-unit apartment building situated on a sizable 10,229 square foot lot in Hallandale Beach, Florida. The property, located at 222 NE 4th Ct, boasts a total of 2,083 square feet of living space, divided into a 2-bedroom/2-bathroom unit and a 2-bedroom/1-bathroom unit. Currently generating rental income of $1400 and $1200 per month respectively, with leases expiring at year-end, this property offers significant upside potential. Market rents for comparable units in the area range from $1800 to $2000 per month, indicating substantial room for rental growth. Built in 1951, the single-story building is classified as Class C and sits within the Central RAC zoning district, allowing for multi-family and commercial uses. Its prime location, just west of Federal Highway and adjacent to the vibrant Atlantic Village, offers easy access to the beach, recreational amenities, parks, and major roadways. This property is an ideal investment for those seeking a strong return on investment in a rapidly gentrifying area with high rental demand. The asking price is $595,000.

Highlights

  • $595,000 asking price for a Class C multifamily property.
  • 2-unit apartment building totaling 2,083 square feet on a 10,229 square foot lot in Hallandale Beach, FL.
  • Located in Hallandale Beach's rapidly gentrifying central business district with Central RAC zoning, allowing for multi-family and commercial uses.
  • Property features two apartments (2/2 and 2/1) with current rents of $1400 and $1200 respectively, offering significant rental upside potential.

Property Details for 222 4 Ct

Property type
Land, Apartment buildings
Square Feet
2,083 SF
Class
C
Buildings
1
Stories
1
Units
2

Location Insight

City
Hallandale Beach
County
Broward
State
Florida
Latitude
25.990748947932
Longitude
-80.146055130731
222 4 Ct, Hallandale Beach, Florida

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222 4 Ct
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