450 Paradise Isle Blvd Hallandale Beach, FL 33009

Exceptional investment opportunity awaits with this unique 4.28-acre ground lease in Hallandale Beach, Florida. Located at 450 Paradise Isle Boulevard, this property boasts a truly idyllic island setting, surrounded on three sides by over 2,200 linear feet of waterway and connected to the mainland via a bridge. Built in 1964, the property comprises seven buildings encompassing 194 apartment units, a recreational center, and 42 boat slips and docks, offering a diverse revenue stream. The asking price is $6,650,000. This is a remarkable opportunity to acquire a substantial asset with significant upside potential. The property's prime location offers convenient access to the Intracoastal Waterway, just one minute away. This is a hands-off investment, allowing for passive income generation and equity growth. The current ground lease presents a unique opportunity to purchase at a fraction of its future value upon maturity. This is a once-in-a-lifetime chance to own a piece of paradise and secure a strong return on investment. The property's size and amenities make it an attractive proposition for both seasoned investors and those seeking a high-yield, low-maintenance portfolio addition. The zip code is 33009, and the property is located in Broward County.