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Hallandale Beach Blvd Apartments 3740 W Hallandale Beach Blvd 8 Unit Apartment Building $1,700,000 ($212,500/Unit) 6.70% Cap Rate Pembroke Park, FL 33023
Investment Highlights
- Desirable Unit Mix: Four 1-bedroom and four 2-bedroom units offering broad tenant appeal.
- Substantial Land Component: 8-unit portfolio situated on a sizable 14,000 SF lot.
- Multifamily Upside: Opportunity for continued rental growth and long-term value appreciation.
- Strong In-Place Income: Approximately $153,600 in current gross operating income.
- Property Improvements: Several units feature impact windows for enhanced durability and protection.
- Strategic Location: Conveniently located near I-95, US-441, the beach, and major employment centers.
Executive Summary
3740 & 3744 W Hallandale Beach Boulevard present an opportunity to acquire a well-located 8-unit multifamily portfolio in Pembroke Park, consisting of four 1-bedroom/1-bath units and four 2-bedroom/1-bath units. The properties offer approximately 4,220 SF of combined building area on a substantial 14,000 SF lot and currently generate approximately $153,600 in Gross Operating Income. Several windows have been replaced with impact windows, providing an improvement to the property's condition and durability. Strategically positioned along Hallandale Beach Boulevard, the property offers convenient access to I-95 and US-441, while being approximately 13 minutes from Fort Lauderdale-Hollywood International Airport, 15 minutes from the beach, and 20 minutes from Downtown Fort Lauderdale and Downtown Hollywood. With a desirable unit mix, strong rental location, substantial land component, and current income in place, the property offers an attractive multifamily investment with potential for continued rental growth and future upside.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$153,600
|
$72.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$153,600
|
$72.80
|
| Taxes |
$14,466
|
$6.86
|
| Operating Expenses |
$32,060
|
$15.19
|
| Total Expenses |
$46,526
|
$22.05
|
| Net Operating Income |
$107,074
|
$50.75
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $153,600 |
| Annual Per SF | $72.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $153,600 |
| Annual Per SF | $72.80 |
| Taxes | |
|---|---|
| Annual | $14,466 |
| Annual Per SF | $6.86 |
| Operating Expenses | |
|---|---|
| Annual | $32,060 |
| Annual Per SF | $15.19 |
| Total Expenses | |
|---|---|
| Annual | $46,526 |
| Annual Per SF | $22.05 |
| Net Operating Income | |
|---|---|
| Annual | $107,074 |
| Annual Per SF | $50.75 |
Property Facts
| Price | $1,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $212,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.70% | Building Size | 4,220 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | ||
| Zoning | B-1, 008 - MultiFamily | ||
| Price | $1,700,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,220 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | B-1, 008 - MultiFamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 51-42-30-09-0230 | Total Assessment | $389,020 (2026) |
| Land Assessment | $14,000 (2026) | Annual Taxes | $14,466 ($3.43/SF) |
| Improvements Assessment | $375,020 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
51-42-30-09-0230
Land Assessment
$14,000 (2026)
Improvements Assessment
$375,020 (2026)
Total Assessment
$389,020 (2026)
Annual Taxes
$14,466 ($3.43/SF)
Tax Year
2025
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Hallandale Beach Blvd Apartments | 3740 W Hallandale Beach Blvd