731 5 Ct Hallandale Beach, FL 33009

Property Details for 731 5 Ct

Year built

1948

Property type

Small apartment buildings

Description

This exceptional investment opportunity presents a charming 1948-built, one-story triplex located in desirable Hallandale Beach, Florida. Situated at 731 NW 5th Ct, 33009, this property boasts a prime location, just minutes from Gulfstream Park, Aventura Mall, and the beach. The triplex comprises three distinct units, each offering unique features and generating substantial rental income. One unit, a 2-bedroom, 2-bathroom single-family home, includes a washer and dryer and recently updated bathrooms and paint. It currently rents for $2000, with a Section 8 tenant covering a significant portion of the rent. A separate building faces 5th Street, housing two additional units. The first is a completely remodeled 1-bedroom, 1-bathroom apartment featuring new flooring, a new bathroom, a new kitchen, updated plumbing and electrical, and a pleasant backyard. This unit rents for $1750. The second 1-bedroom, 1-bathroom unit is also fully remodeled and currently rented for $1550. Both of these units include new split-unit and wall AC units in the bedrooms and new water heaters, along with in-unit washer/dryer hookups. The property further benefits from a new roof (installed four years ago), a new water heater, updated electrical and plumbing systems, and a new driveway providing six parking spaces. Each unit has its own water meter and FPL connection, with tenants responsible for all utilities. This turnkey investment offers a compelling combination of location, updated amenities, and strong rental income, making it an ideal addition to any portfolio.