731 5 CtHallandale Beach, FL 33009

  • Residential income properties
For Sale
$689,000 View listing

Property Details for 731 5 Ct

Year built
1948
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional investment opportunity presents a meticulously maintained triplex in Hallandale Beach, Florida. Situated at 731 NW 5th Ct, 33009, this 1-story, 1948-built property boasts a prime location just minutes from Gulfstream Park, Aventura Mall, and the beach. The property comprises three distinct units, each offering unique features and strong rental potential. One unit, a 2-bedroom, 2-bathroom single-family home, is currently rented for $2000 per month, with Section 8 covering a significant portion of the rent. This unit includes a washer and dryer. The other two units are 1-bedroom, 1-bathroom apartments, both completely remodeled with new flooring, bathrooms, kitchens, plumbing, electrical systems, and split-unit/wall AC units. These units rent for $1750 and $1550 per month respectively, and also include washer/dryer hookups. Recent upgrades include new roofs (four years old), a new water heater, updated electrical and plumbing systems, and a new driveway providing six parking spaces. All three units have separate water meters and FPL accounts, with tenants responsible for all utilities. This property offers a compelling combination of location, strong rental income, and recent renovations, making it an ideal addition to any investment portfolio. The property also features a nice backyard and a separate building facing 5th Street.

731 5 Ct, Hallandale Beach, Florida

Location Insight

City
Hallandale Beach
County
Broward
State
Florida
Latitude
25.991
Longitude
-80.1578

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