$3,200,000 USD
Commercial for Sale, 129 SE 5th St 1-4, Hallandale Beach, Florida 33009
- MLS#A11999277
Listed By Exclusive Premier Realty
The Commercial Property for Sale located at 129 SE 5th St 1-4, Hallandale Beach, Florida 33009 is currently for sale. 129 SE 5th St 1-4, Hallandale Beach, Florida 33009 is listed for $3,200,000.
Property features
Lot/Land
- Land/Lot size:
1,253 m² (13,490 ft²)
Construction
- Year built: 1977
- Roofing: Shingle
Security
- Features: Sprinkler System
Description
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!!
Location
129 SE 5th St 1-4, Hallandale Beach, Florida 33009