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Property profile

721 6 St Hallandale Beach, FL 33009

OFF-MARKET
Apartment buildings
Built 1959
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Property summary

AI-generated overview

This exceptional Hallandale Beach investment opportunity presents a unique duplex property on an expansive 24,000 square foot lot. The property comprises two sizable houses: a four-bedroom, two-bathroom residence and a two-bedroom, one-bathroom residence. Currently generating a gross annual income exceeding $63,000, with potential for increased revenue up to $75,000 annually through market-rate rent adjustments. Both units are currently occupied and offer ample parking and generous yard space. Built in 1959, this single-story building presents a compelling income-producing asset. However, the significant lot size also offers substantial redevelopment potential, particularly if combined with the adjacent duplex at 701 SW 6th St (sold separately). The property's prime location provides convenient access to Gulfstream Park, Aventura Mall, various shopping centers, and the beautiful beaches of Hallandale Beach. This is a rare chance to acquire a strong cash-flowing property with significant upside potential in a highly desirable South Florida location. The asking price is $875,000. The property is located at 721 SW 6th St, Hallandale Beach, FL 33009, in Broward County.

Property profile

Verified
Property type Apartment buildings
Year built 1959

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

721 6 St Hallandale Beach, FL 33009
Hallandale Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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