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    615 NE 7Th St Golden Isles, FL 33009

    For Sale
    $1,500,000

    Commercial/Industrial,Income/Multi-family - Hallandale Beach, FL

    Lot size:
    0.23 Acres
    Days on Market:
    96
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 615 NE 7Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RD-12
    APN
    514222130960
    Parking
    12
    Lot size
    0.23 Acres

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    7
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Other

    Media Realty & Advisors, Inc. (954) 923-2325 [email protected]

    Listing agent Peter Dacko (954) 923-2325 License #0600065

    Listing date Sep 1, 2025

    MLS# F10524297 Listing URL

    Copyright © 2025 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hallandale Beach Multifamily Investment Property

    This 7-unit multifamily property is located east of US and across the street from the vibrant mixed-use district which has rapidly transformed the Federal Hwy corridor in Hallandale Beach. The property consists of 2 buildings, a 3-unit and a 4-unit, with seven 1-bedroom, 1-bathroom apartments, all on one-year leases with varying expiration dates. The property is a gated community and has individual water shutoff valves for each unit. The property was preventively treated and tented for termites in December 2024, and all asphalting was resurfaced in 2024. The east building (605) roof was replaced in 2015. Parking includes one space per unit plus 2 guest spaces, totaling 9 spaces. Six of the seven apartments were 100% remodeled and upgraded with impact windows. The property has obtained its forty-year recertification. The gross income is $135,840, with a net operating income of $64,486. The property is zoned RD-12 and sits on a 0.2251-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Golden Isles
    County
    Broward
    State
    Florida
    Longitude
    -80.1469
    Latitude
    25.9859

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 7-unit multifamily property east of US in Hallandale Beach.
    Where is this apartment building located?
    The property is located at 615 NE 7Th St Golden Isles, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - High Gross Income and Net Operating Income: $135,840 Gross Income and $64,486 NOI.; - 6 out of 7 apartments have been fully remodeled.; - Upgraded with impact windows for enhanced security.
    (954) 923-2325
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    615 NE 7Th St Golden Isles, FL 33009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    615 NE 7Th St Golden Isles, FL 33009
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