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33454441
33454442

801 Northwest 10th Street, Hallandale Beach, FL 33009

JT
FL SL3174354
Marcus & Millichap - Fort Lauderdale
AD
FL SL3328468
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$1,500,000
9 days on market
Updated 9 days ago

801-805 Northwest 10th Street

Details
APN 51-42-21-23-0150
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,184
Net Rentable (SqFt) 6,184
Units 8
Cap Rate 6.09%
NOI $91,289
Pro-Forma Cap Rate 7.50%
Pro-Forma NOI $112,564
Class C
Year Built 1962
Buildings 2
Stories 1
Lot Size (SqFt) 14,877
Zoning RD-12
Investment Type Value Add
Ownership Fee Simple

8 Units, Renovated, East Hallandale Beach, Value-Add

Marketing description

801–805 Northwest 10th Street is an 8-unit apartment complex, consisting of two single-story buildings constructed in 1962 of concrete block and stucco with shingle roofs. The unit mix consists of (8) two-bedroom/one-bathroom units. The building contains 6,184 square feet and sits on a 0.34-acre lot. All units have been renovated by current ownership and feature either vinyl wood-plank or ceramic tile flooring, with new kitchens and bathrooms, stainless steel appliances, and window/wall air conditioning units.

Located in the heart of Hallandale Beach, Florida, proximate to Pembroke Road, Dixie Highway, Federal Highway (US-1), and Interstate 95. The portfolio’s central location provides residents with convenient access to OB Johnson Park, Hallandale High School, McNicol Middle School, and numerous retail, dining, and recreational destinations. The area has experienced steady population growth, driven by its proximity to employment centers and coastal amenities.

Nearby points of interest include OB Johnson Park and Tennis Courts (0.1 miles), Dunkin’ (0.8 miles), Padel Life & Soccer (0.9 miles), The Big Easy Casino (1.4 miles), Atlantic Village (1.4 miles), Hallandale Beach YMCA Family Center (1.8 miles), Publix Super Market at Hallandale Place (2.0 miles), Hallandale Shopping Center (2.1 miles), Diplomat Mall Shopping Center (2.1 miles), Gulfstream Park Racing & Casino (2.2 miles), Starbucks (2.3 miles), HCA Florida Aventura Hospital (2.3 miles), Aventura Commons (2.4 miles), Orangebrook Golf & Country Club (2.5 miles), Joe DiMaggio Children’s Hospital & Memorial Regional Hospital (3.1 miles), and Fort Lauderdale–Hollywood International Airport (7.5 miles).

Nearby educational facilities include Hallandale High School (0.5 miles), McNicol Middle School (0.7 miles), and Colbert Elementary School (0.9 miles).

801–805 Northwest 10th Street is being offered for sale at $1,500,000 or $187,500 per unit

Listing Contacts

JT
FL SL3174354
Marcus & Millichap - Fort Lauderdale
AD
FL SL3328468
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$91,289.00
$7,607.42/mo

Valuation Metrics

0
DSCR
6.09%
Cap Rate
6.09%
ROI

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