Commercial property in Hallandale Beach, Florida 342.81 sq.m. № 1993388

Property description

Exceptional value-add multifamily opportunity in a prime Hallandale Beach location, right off US-1. Located at 700 NE 6th St, this 13-unit property includes 11 studio apartments, one 2BD/1BA, and one 1BD/1BA, with several units already updated and renovated on the interiors. Additional vacant units are currently under construction, allowing an investor to complete renovations to their standards and quickly elevate rents and overall NOI. The asset offers a strong pro forma gross income of $246,000 annually and sits in a rapidly improving corridor just minutes from major demand drivers—4 minutes to Gulfstream Park, 6 minutes to Hollywood Beach, 8 minutes to Aventura Mall, 10 minutes to I-95, and 15 minutes to Fort Lauderdale–Hollywood International Airport—ensuring exceptional accessibility and sustained rental demand.