135 5 StHallandale Beach, FL 33009
- Residential income properties
- 1,829 SF
Property Details for 135 5 St
- Year built
- 1965
- Property size (Sq ft)
- 1,829 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Latitude
- 25.9802
- Longitude
- -80.1463
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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