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Property profile & analytics
OFF-MARKET
Commercial real estate

701 8 St Hallandale Beach, FL 33009

6,044 SF Built 1973
Property ID
US18-3884332
Property summary
AI-generated overview

This exceptional 10-unit multifamily property presents a compelling investment opportunity in the desirable Hallandale Beach area of Florida. Located at 701 NE 8th St, 33009, this property boasts a prime location east of US1, offering convenient access to nearby attractions and amenities. The building, constructed in 1973, comprises 6,044 square feet across two stories. The unit mix includes eight one-bedroom units and two two-bedroom units, all currently fully rented and in excellent condition, ensuring immediate cash flow. The property's proximity to Gulf Stream Park and Casino, and the Big Easy Casino, further enhances its appeal to tenants and investors alike. The surrounding area is experiencing significant growth and new development, promising strong future appreciation potential. This well-maintained building offers a solid foundation for a lucrative investment, with the added benefit of ample parking. The asking price for this turnkey investment is $2,200,000. Don't miss this chance to acquire a highly sought-after multifamily property in a thriving South Florida market.

Property profile
Verified
Property type Commercial real estate
Year built 1973
Total area 6,044 SF
UPID US18-3884332
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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