For Sale
$719,000

623 5 StHallandale Beach, FL 33009

Prime Hallandale Beach duplex, two 2/2 units, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 1-story, 2,062 square foot duplex located at 623 NE 5th ST, Hallandale Beach, FL 33009, in Broward County. Built in 1965, this property boasts two legally permitted 2-bedroom, 2-bathroom units, each with its own private backyard. Currently generating substantial rental income with long-term tenants—Unit 1 at $2200 per month and Unit 2 at $2000 per month—this property offers immediate cash flow. The property features hurricane impact windows and a recently installed fence. The roof is in good condition. Situated east of US 1 in a well-developed area with abundant shops and restaurants, this duplex presents a compelling investment in a highly desirable location. Proof of funds and an escrow letter showing a deposit are required before submitting an offer and viewing the property. Seller financing is available with up to 70% LTV at a very competitive interest-only rate. Do not disturb tenants.

Highlights

  • $719,000 asking price.
  • Hallandale Beach, FL multifamily investment opportunity.
  • Two-unit duplex (2/2 each), totaling 2,062 square feet.
  • Currently generating $4,200 monthly rental income from long-term tenants.
  • Features include hurricane impact windows and a new fence.

Property Details for 623 5 St

Property type
Apartment buildings, Small apartment buildings
Square Feet
2,062 SF
Year Built
1965
Stories
1
Units
2

Location Insight

City
Hallandale Beach
County
Broward
State
Florida
Latitude
25.9917942
Longitude
-80.1416143
623 5 St, Hallandale Beach, Florida

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623 5 St
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