Joe Caprio & Co. Real Estate
Listed by Joe Caprio & Co. Real Estate
$6,650,000
450 Paradise Isle Boulevard
Details
APN 514226140070
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 1,864,368
Units 195
NOI $71,000
Year Built 1964
Buildings 7
Acreage 4.280
Zoning RM-18
Parking Spaces 200 spaces
Parking per 1,000 SqFt 0.11
Ownership Corporation
Multifamily | 195 Units
Marketing description
ONCE-IN-A-LIFETIME UNIQUE OPPORTUNITY! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO-Responsibility Investment and watch your equity grow. $75,000 per year Cash Flow without any responsibility. Purchase this ground lease for a fraction of what it will be worth when it matures!!!
Listing Contacts
Joe Caprio & Co. Real Estate
Listed by Joe Caprio & Co. Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,000.00
$5,916.67/mo
Valuation Metrics
0
DSCR
1.07%
Cap Rate
1.07%
ROI
Map
Zoning
RM-18 ResidentialMulti FamilyResidential Multi Family Medium Density District
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View all 11 uses
View all 11 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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