Angelica Apartments 2 Multifamily Properties Offered at $3,100,000 in Hallandale Beach, FL

Seller financing available with attractive terms! Introducing 109 SE 9th St AND 119 SE 9th St, TWO turnkey 8-unit multifamily gems in the heart of Hallandale Beach, just minutes from Gulfstream Shops and Casino and a 5-minute drive to Aventura Mall. Thes mostly renovated properties feature a mix of Two 2-bed/2bath units, Four 1-bed/1-bath units and Ten spacious studio units, many with updated flooring, kitchen cabinets, and bathrooms. Recent enhancements include a freshly painted exterior, revamped parking lot, and new impact windows and doors, offering both durability and curb appeal. A rare investment opportunity in a prime location! For sale together. ***Seller is willing to sell 119 SE 9th St separately, but will not sell 109 SE 9th St separately***
Seller Financing is available.50% LTV, 6% IO, 3 Years.
119 SE 9th St RENT ROLL
Unit 1 - 1BR/1BA - $1,753/month
Unit 2 - 1BR/1BA -$1,575/month
Unit 3 - 1BE/1BA - $1,550/month
Unit 4 -Studio - $1,450/month
Unit 5 - Studio - $1,500/month
Unit 6 - Studio - $1,200/month
Unit 7 - Studio - $1,250/month
Unit 8 - Studio - $1,500/month
Gross Income - $141,336/year

Operating Expenses:                
Real Estate Taxes - $15,272                 
Insurance (Hazard + Liability) - $7,000   
Water & Trash - $6,500
Maintenance & Repairs - $3,000   
Electric - $6,000
Landscaping - $1,200                       
Total Expenses - $38,972
Net Operating Income - $102,364
109 SE 9th St - RENT ROLL:
Unit 1-two bedroom -S2,100/month
Unit 2-STUDIO -S1,650/month
Unit 3 -TWO bedroom -$3,000/month
Unit 4 -STUDIO -$1,500/month
Unit 4B -STUDIO -$1,573/month
Unit 5 - ONE bedroom -$1,650/month
Unit 6 - STUDIO -$1,500.00/month
Unit 6B - STUDIO -$1,300/month
Total-$14,273/month
Annual income-$171,276
EXPENSES:
Taxes- $21,012
Water and Garbage-$7200
Electric-$6600
Grass-$500,
Total Expenses -$35,312
Net income-$ 135,964