LIZ NUNES 561.351.4529 | CHIP ARMSTRONG 561.371.3787
Amazing Opportunity ? 9 Apartment Units on an Oversized 13,430 SF Lot (0.31 Acres)This is a rare value-add opportunity featuring 9 apartment units situated on an oversized 13,430 SF lot (0.31 acres). The property offers several recent improvements, including impact windows installed by the previous owner and a new roof completed in 2018. Interior finishes include a mix of vinyl flooring and tile flooring throughout the units. In terms of cooling, 2 units have split A/C systems and 7 units have ...Amazing Opportunity ? 9 Apartment Units on an Oversized 13,430 SF Lot (0.31 Acres)This is a rare value-add opportunity featuring 9 apartment units situated on an oversized 13,430 SF lot (0.31 acres). The property offers several recent improvements, including impact windows installed by the previous owner and a new roof completed in 2018. Interior finishes include a mix of vinyl flooring and tile flooring throughout the units. In terms of cooling, 2 units have split A/C systems and 7 units have window A/C units.9 Assigned Parking SpacesCurrent rents are below market, creating significant upside potential for a new owner.The location is exceptional, and the redevelopment potential is tremendous. According to zoning, the property may allow for the development of a new 5-story multifamily building with up to 15.42 units and approximately 8,774 SF of building area.Investment Highlights:Strong value-add play through rent increasesOpportunity to modernize units and significantly boost NOILarge lot offering future redevelopment optionalityLocated in a prime rental corridor with strong demand fundamentalsThis creates a rare covered land play ? generate income today while planning a future redevelopment exit.Youre not buying into a location ? youre buying into an established urban core.Buyer must independently verify all zoning, density, and development potential with the appropriate zoning department and conduct their own due diligence.
View MoreCourtesy of
Agency Name: The Keyes Company
Agent Name: David Heinrich
Presented by
Agent Name: The Legacy Group
Agent Phone: 561.282.5207
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705-713 NE 3rd St, Unit 1-9, Hallandale Beach, FL 33009.
Email 705-713 NE 3rd St, Unit 1-9, Hallandale Beach, FL 33009
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