For Sale
$875,000

721 6 StHallandale Beach, FL 33009

Prime Location, High Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Hallandale Beach investment opportunity presents a unique duplex property on an expansive 24,000 square foot lot. The property comprises two sizable houses: a four-bedroom, two-bathroom residence and a two-bedroom, one-bathroom residence. Currently generating a gross annual income exceeding $63,000, with potential for increased revenue up to $75,000 annually through market-rate rent adjustments. Both units are currently occupied and offer ample parking and generous yard space. Built in 1959, this single-story building presents a compelling income-producing asset. However, the significant lot size also offers substantial redevelopment potential, particularly if combined with the adjacent duplex at 701 SW 6th St (sold separately). The property's prime location provides convenient access to Gulfstream Park, Aventura Mall, various shopping centers, and the beautiful beaches of Hallandale Beach. This is a rare chance to acquire a strong cash-flowing property with significant upside potential in a highly desirable South Florida location. The asking price is $875,000. The property is located at 721 SW 6th St, Hallandale Beach, FL 33009, in Broward County.

Highlights

  • $875,000 asking price.
  • Multifamily property, consisting of a duplex/triplex/quadruplex apartment building.
  • Two units, built in 1959, one-story building.
  • Located at 721 SW 6th St, Hallandale Beach, FL 33009.
  • Gross annual income of over $63,000, with potential to increase to $75,000.

Property Details for 721 6 St

Property type
Apartment buildings, Small apartment buildings
Year Built
1959
Stories
1
Units
2

Location Insight

City
Hallandale Beach
County
Broward
State
Florida
Latitude
25.9785241
Longitude
-80.1569716
721 6 St, Hallandale Beach, Florida

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721 6 St
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