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831-835 NW 7th St 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 6.17% Cap Rate Hallandale Beach, FL 33009
Executive Summary
831–835 Northwest 7th Street is an 8-unit apartment complex, consisting of two single-story buildings constructed in 1959 of concrete block and stucco with shingle roofs. The unit mix consists of (8) two-bedroom/one-bathroom units. The building contains 4,874 square feet and is situated on a 0.33-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.
Property Facts
| Price | $1,500,000 | Property Subtype | Apartment |
| Price Per Unit | $187,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.17% | Lot Size | 0.33 AC |
| Gross Rent Multiplier | 9.37 | Building Size | 4,874 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1959 |
| Zoning | RD-12 | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| Gross Rent Multiplier | 9.37 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 4,874 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Zoning | RD-12 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 600 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $967,920 | |
| Land Assessment | $87,210 | Total Assessment | $1,055,130 |
Property Taxes
Parcel Numbers
Land Assessment
$87,210
Improvements Assessment
$967,920
Total Assessment
$1,055,130
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831-835 NW 7th St
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