Property Listing No Longer Available for Sale

7.6% CAP RATE MULTIFAMILY-22509

Hallandale Beach, FL

Multi-family for Sale - $1,250,000


Property Info

CIMLS#1035904
Location
  7.6% CAP RATE MULTIFAMILY-22509
  Hallandale Beach FL 33009
UpdatedJanuary 27th, 2020
TypeMulti-family
Price$1,250,000

Property Description

12-unit multifamily located on hi demand rental area of Hallandale. This investment is priced right at 7.6% current CAP. The property boasts 100% occupancy and excellent unit mix of 1-bedroom and 2-bedrooms apartments. All units have tile floors and have been somewhat updated. Each unit separately metered for electric. Easy to rent and low maintenance in rapidly developing area. Current rents are under market, allowing the new owner to raise rents in this hot rental area. The properties have experienced a stable occupancy level and operating history. This is a turnkey investment opportunity offering historically low vacancy rates. For additional information contact Gregory Point Du Jour at 954-665-1578.


Financials