701 8 StHallandale Beach, FL 33009

Property Details for 701 8 St

Year built

1973

Property size (Sq ft)

6,044 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 10-unit multifamily property presents a compelling investment opportunity in the desirable Hallandale Beach area of Florida. Located at 701 NE 8th St, 33009, this property boasts a prime location east of US1, offering convenient access to nearby attractions and amenities. The building, constructed in 1973, comprises 6,044 square feet across two stories. The unit mix includes eight one-bedroom units and two two-bedroom units, all currently fully rented and in excellent condition, ensuring immediate cash flow. The property's proximity to Gulf Stream Park and Casino, and the Big Easy Casino, further enhances its appeal to tenants and investors alike. The surrounding area is experiencing significant growth and new development, promising strong future appreciation potential. This well-maintained building offers a solid foundation for a lucrative investment, with the added benefit of ample parking. The asking price for this turnkey investment is $2,200,000. Don't miss this chance to acquire a highly sought-after multifamily property in a thriving South Florida market.

Location Insight

City

Hallandale Beach

County

Broward

State

Florida

Latitude

25.9942

Longitude

-80.1416

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