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Description
The property is located just west of US1 between Hallandale Beach Blvd. and Pembroke Park Rd. The subject property consists of 4 rental apartments, one Studio, two 1Br/1Ba, and one 2Br/1Ba, on a wellsituated 5,299 SF lot. All apartments are in overall good condition. The property is fully occupied with longterm tenants. The property is easy to manage and is cash flowing over a 5% cap rate. There are opportunities to add value by increasing the rents to market value as all four tenants pay belowmarket rates for this property. Excellent opportunity to invest in the rapidly appreciating south Florida multifamily market.
Location
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Courtesy of: RE/MAX 5 Star Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 16th May, 2022 4:50 AM (UTC)
