For Sale
$725,000

135 5 StHallandale Beach, FL 33009

High-yield triplex, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Hallandale Beach triplex presents a compelling investment opportunity. Boasting three one-bedroom, one-bathroom units, each features private parking and separate electric meters, minimizing operational complexities and maximizing efficiency. The property, built in 1965, encompasses 1,829 square feet on a 4,496 square foot lot and benefits from impact windows, reducing insurance costs and enhancing security. The roof was recently replaced approximately five years ago. Currently fully leased, the property generates a net operating income (NOI) of $43,240, representing a 5.96% capitalization rate. With potential for increased rental income reaching over $61,000 annually at market rates, this property offers significant upside potential. Its strategic location across from a new YMCA and minutes from Gulfstream Park ensures high occupancy and strong tenant demand. The property is zoned Central RAC, providing flexibility for future development or renovations. Seller financing options are available, making this an even more attractive proposition for discerning investors. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a thriving South Florida market.

Highlights

  • Seller financing available.
  • Three units, each with private parking, separate electric meters, and impact windows.
  • Central RAC zoning.
  • Minutes from Gulfstream Park.
  • Potential gross income exceeding $61,000 annually.

Property Details for 135 5 St

Property type
Apartment buildings, Small apartment buildings
Square Feet
1,829 SF
Class
C
Year Built
1965
Buildings
1
Stories
1
Units
3

Location Insight

City
Hallandale Beach
County
Broward
State
Florida
Latitude
25.9801748
Longitude
-80.1462819
135 5 St, Hallandale Beach, Florida

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135 5 St
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