701 8 St Hallandale Beach, FL 33009
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.
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
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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.