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$ 2,700,000
Est. payment /mo
Price Dropped by $500K
129 SE 5th St #1-4 Hallandale Beach, FL 33009
6,994 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,994 sqft
Price per Sqft $386
MLS Listing ID A11999277
HOA Y/N No
Year Built 1977
Annual Tax Amount $19,589
Lot Size 0.310 Acres
Property Sub-Type Multi Family
Property Description
This is 14 units in Hallandale Beach, an A+ rated location! Property consists of 10 efficiencies, 2-2/2s, and 2-1/1s. The property was run as an Assisted Living faciitly prior to 2019 and can still function as one with a license. The city will allow for up to 20 residents for an ALF. Its currenty functioning as regular rental property.
1st building: Consists of 10 efficiencies-rented at 1300/mo month to month (3200 sq ft)
2nd building: Consists of 2-2/2s-rented at 2300/mo each unit and 2-1/1s rented at 1800/mo each unit.(3200 sq ft)
NOI=221,067
If you have or acquire an ALF license, you can get 4-5k per resident have up to 20 residents. Possible Pro Forma NOI running as an ALF=$545,090!
4 power meters and 2 water meters
Both roofs are new!!
1st building: Consists of 10 efficiencies-rented at 1300/mo month to month (3200 sq ft)
2nd building: Consists of 2-2/2s-rented at 2300/mo each unit and 2-1/1s rented at 1800/mo each unit.(3200 sq ft)
NOI=221,067
If you have or acquire an ALF license, you can get 4-5k per resident have up to 20 residents. Possible Pro Forma NOI running as an ALF=$545,090!
4 power meters and 2 water meters
Both roofs are new!!
Location
State FL
County Broward
Area 3050
Interior
Flooring Ceramic Tile
Exterior
Roof Type Shingle
Private Pool Yes
Building
Story 1
Level or Stories One
Structure Type Block
Others
Tax ID 514227160560
Security Features Fire Sprinkler System,Other,Smoke Detector(s)
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11999277
Listed by Exclusive Premier Realty
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