listing

$950,000

709 NE 2nd Ct, Hallandale Beach, FL 33009
TYPE Commercial/Industrial SqFt 12900 MLS# RX-10195996

Property Details

StatusActive | On the market since: 2017-04-12
Being Offered at a +9% Cap Rate/17% ROI - 9 units rented on a weekly basis for a minimum of $300 per week and includes all utilities. The apartments has all been renovated and are in above average condition. It has received the following improvements: NEW & BATHROOMS INCLUDING FIXTURES, HARDWARE AND SHOWER PANS+TANKLESS WATER HEATER+PORCELAIN/TRAVERTINE TILE FLOORS+HURRICANE IMPACT WINDOWS It is significant to the return on the investment if leveraged is over 17% with a 9.45% cap rate.

Property Highlights

Price $950,000
Type Commercial/Industrial
Subdivision ATLANTIC LAWNS 10-30 B LOT 24 TO 26 BLK 1
Building Size 12900 Sqft
Price/SF $0.00
Land/Lot SqFt
County Broward
Taxes $17009.00
Tax Year 2016

Building Information

Building Description Apartments,Hotel/Motel
Zoning C3
Number of Stories 1.00
Number of Units 9
Available for Lease Currently Leasing
Building Size Source Tax Rolls
Year Built 1954
Available Documents Investment Analysis

Building Features

Location Central Business District,City Location,Near Airport,Near Seaport
Construction Cbs Construction
% Air Conditioned 0.00
Roof Built-Up Gravel
Flooring Marble/Slate Floors
Fire Protect Smoke Detector
Security Motion Detector,Security Lighting,Security System
Utilities 110 Volts

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