128 5 Ave Hallandale Beach, FL 33009
This renovated Hallandale Beach duplex presents a compelling investment opportunity. Built in 1962, this single-story building boasts a total of six bedrooms across two units, achieved through a recent conversion. The property has undergone a complete overhaul, including the replacement of all plumbing pipes with CPVC, a new roof installation, brand new kitchens, updated appliances, and completely renovated bathrooms. Currently, both units are rented, generating an average monthly income of $3,000 per unit. Financial documentation is available, showcasing a strong 5.5% capitalization rate. Located in the heart of Hallandale Beach at 128 NW 5th Ave, 33009, this property offers a turnkey investment solution with minimal management concerns, as tenants are under current yearly leases. The property's prime location in Broward County, Florida, further enhances its investment potential. This is a rare opportunity to acquire a meticulously renovated, high-performing multifamily property with immediate cash flow. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.