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538 SW 7th St
Hallandale Beach, FL 33009
Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Turn-Key Multifamily Investment in Prime Hallandale Beach Location
Exceptional income-producing property in the heart of Hallandale Beach. This turn-key multifamily investment features a triplex and a single-family home on a half-acre lot, generating $109,500 in gross annual income with a net of $87,000. All units are fully rented on annual leases with tenants holding 650+ credit scores and having paid first, last, and security. The property has been meticulously maintained and well updated, featuring newer AC units and a newer roof for long-term efficiency and durability. Located just five minutes from Aventura Mall, this property is surrounded by supermarkets, banks, and shopping, offering a highly desirable rental market with strong investment potential. Contact us today for more details.
Exceptional income-producing property in the heart of Hallandale Beach. This turn-key multifamily investment features a triplex and a single-family home on a half-acre lot, generating $109,500 in gross annual income with a net of $87,000. All units are fully rented on annual leases with tenants holding 650+ credit scores and having paid first, last, and security. The property has been meticulously maintained and well updated, featuring newer AC units and a newer roof for long-term efficiency and durability. Located just five minutes from Aventura Mall, this property is surrounded by supermarkets, banks, and shopping, offering a highly desirable rental market with strong investment potential. Contact us today for more details.
PROPERTY FACTS Under Contract
| Price Per Unit | $143,750 | Property Subtype | Apartment |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 7.57% | Building Size | 5,000 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 8 | No. Stories | 1 |
| No. Units | 8 | Year Built/Renovated | 1954/2019 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | RS-6 - Single-Family Residential zoning | ||
| Price Per Unit | $143,750 |
| Sale Type | Investment |
| Cap Rate | 7.57% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 8 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.45 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2019 |
| Opportunity Zone |
Yes |
| Zoning | RS-6 - Single-Family Residential zoning |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $1,850 | 680 |
| 2+2 | 2 | $2,900 | 1,000 |
| 2+1 | 1 | $2,500 | 1,100 |
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