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319-325 NE 2nd Street

$2,900,000

319 Northeast 2nd Street, Hallandale Beach, FL 33009

Active
Last Updated: 02/11/2023

5.5

Cap Rate

10,764 sqft

Building Size

Details:
Cap Rate:    5.5%
Building Size:    10,764 sqft
Lot Area:    26,265 acres
Units:    16
Occupancy:    100%
Year Built:    1958
Zoning:    RD-12
Floors:    1
Description:

16 unit garden style apartments. 11 1/1’s and 5 Studios.  There are two sizes of studios.  They are well maintained and managed.  They have many upgrades that include the 40 year certification, hardwired smoke detectors, electrical upgrades to exterior.  The units have been upgraded with tile flooring or engineered hardwood. Parking is located at the front and rear of the building.  Gated entrances on both sides.  There is a private courtyard for tenants, that allows for BBQing, picnics or family and children area.


Less than 2 miles from the beach

Nested between Hollywood beach and Sunny Isles.

Close to major shopping center and surrounded by national retailers



40 year certificate
Flooring upgrades in all units

Property management on site




Smoke detectors as per new regulations, hardwired
Parking in front and rear
Private courtyard
Recent upgrades
Easily rentable with quality tenants


 

Map:
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