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401 NW 2ND ST, Hallandale, 33009 Florida |
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$785,000
Beds Baths
401 NW 2ND ST UNIT 1-4
Hallandale , FL 33009
COMMERCIAL
- ACTIVE
MLS #: A10572405
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STATUS: ACTIVE,
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YEAR BUILT: 1998, MLS #: A10572405, LOT DIMENSTIONS: 150, TAX YEAR: 2018
The subject property consists of two buildings, four units in total. All four units are large three bedrooms, two bath units in good condition. All units are being leased by section 8 tenants which are fully subsidized by the government. A new investor can bring all tenants up to the current market value of $1600 a month. A new investor can increase three tenants to market rates which would increase the net operating income to $62,077 a year which would provide an investor with a 7.91% capitalization rate on a proforma basis. Excellent opportunity to invest in the rapidly appreciating south Florida multi-family market. Please remember to notdisturb existing tenants. All showings are by appointment only, call for additional information.
AMENITIES: LOT SIZE IS BETWEEN 1 AND 2 ACRES,
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