322 & 326 NE 6th St | 326 NE 6th St
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322 & 326 NE 6th St 326 NE 6th St
6 Unit Apartment Building $1,250,000 ($208,333/Unit) 7.04% Cap Rate Hallandale Beach, FL 33009
Investment Highlights
- Unit Mix of Four 1 Bed/Bath Units and Two Studio Units
- Minutes away from Gulfstream Park, Aventura Mall, New Hallandale Shopping Centers & Beaches
- Plenty of Parking (more than 7 Spaces)
- Renovated Interiors, Impact Windows/Doors, Individual Electric Meters, Two Water Meters, Coin Laundry Room
- Potential revenue of $117,000 in Annual Gross Rental Income when raising to market rents
- Central RAC Zoning Allowing for redevelopment of 50 Units per Acre
Executive Summary
We are pleased to present 322 & 326 NE 6th St, a prime 6-unit property in the heart of Hallandale Beach right off of US-1. Consisting of six well-maintained units, four of which are 1 bed/1 bath units, and two are studio units.. Equipped with separate electric meters, impact windows, and the added convenience of coin laundry for extra income. Minutes away from Gulfstream Park, Aventura Mall, the New Hallandale Shopping Center, and pristine beaches, this property offers both convenience and lifestyle. The property holds the potential for an income exceeding $117,000 when rents are adjusted to market rates. More than 8 parking spaces, ensuring convenience for residents. Central RAC zoning.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $208,333 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 2,843 SF |
| Cap Rate | 7.04% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $1,250,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,843 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 1.76/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,700 | - |
| Studios | 2 | $1,400 | - |
1 of 1
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (75)
zoning
| Zoning Code | CENTRAL RAC (50 units per acre can be built.) |
| CENTRAL RAC (50 units per acre can be built.) |
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322 & 326 NE 6th St | 326 NE 6th St
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