$600,000
$679,000
11.6%For more information regarding the value of a property, please contact us for a free consultation.
2,325 SqFt
SOLD DATE : 06/15/2022
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,325 sqft
Price per Sqft $258
MLS Listing ID A11161299
Sold Date 06/15/22
HOA Y/N No
Year Built 1953
Annual Tax Amount $6,348
Contingent Pending Inspections
Lot Size 5,299 Sqft
Property 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
State FL
County Broward County
Area 3040
Others
Tax ID 514222350160
Financing Cash
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