$3,200,000

$229/sq ft

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Overview

Year Built

1977

Sqft

13990

Property Type

Quadruplex

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!!

Property Details

MLS#

A11999268

Total Floor in Bldg

1

Address

129 5th St SE

City

Hallandale Beach

State/county

FL

Zip/Postal Code

33009

Area

Hallandale Park No 3

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$19,589

Maint Fee

$--

Tax Year

2025

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Boris Gelfand