101 SE 4Th Ave Golden Isles, FL 33009

Property Details for 101 SE 4Th Ave

Year built

1964

Property type

Commercial real estate

Description

This exceptional seven-unit multifamily building presents a compelling investment opportunity in the thriving Hallandale Beach market. Located at 101 SE 4th Ave #7, Broward County, Florida, 33009, this property boasts a prime location offering residents easy access to beautiful beaches, the Aventura Mall, the Brightline station, and a vibrant array of dining and entertainment options. Built in 1964, the building comprises seven one-bedroom, one-bathroom units, all currently renting below market value, providing immediate upside potential for the new owner. All tenants are on month-to-month leases, offering flexibility for the investor. The property benefits from eight parking spaces and eight individual electric meters, enhancing both tenant convenience and operational efficiency. A new metal roof is currently being installed, minimizing future maintenance concerns. Further enhancing its appeal, this property is situated in an Opportunity Zone, potentially offering significant tax advantages. The building is connected to the sewer system. The asking price for this exceptional investment is $1,750,000. Hallandale Beach's dynamic growth, with ongoing residential and commercial development, ensures a strong and promising future for this asset. Don't miss this chance to acquire a well-positioned multifamily property in a flourishing coastal community.