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!!
- Swimming Pool
- Heating System
- Cooling System
- Parking
- Architectural Style
- Roof:
- Shingle
- Sewer
- State:
- FL
- County:
- Broward
- City:
- Hallandale Beach
- Zipcode:
- 33009
- Street:
- 129 Se 5th St, Hallandale Beach, Florida 33009
- Longitude:
- W81° 51' 12.6''
- Latitude:
- N25° 58' 48.3''
- Building Area:
- 13,988 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 32
- DOM:
- 32
- Flooring:
- Ceramic Tile
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash,Conventional,Owner May Carry Second
- Lot Features
- Parcel Number:
- 514227160560
- Subdivision Name:
- HALLANDALE PARK NO 3
- Tax Annual Amount:
- $19,589
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
Residential Income For Sale
129 Se 5th St, Hallandale Beach, Florida 33009, Hallandale Beach, Florida 33009
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $3,200,000
- Square Footage :
- 13,990 Sqft
- Year Built :
- 1977
- MLS # :
- A11999268
- Property Sub Type :
- Quadruplex
