Multi Family · Commercial Sale
450 Paradise Isle Boulevard, Hallandale Beach FL 33009
Hallandale Beach, FL, 33009
$6,650,000
Presented by Parvani Commercial Group, Inc.
About This Property
ONCE-IN-A-LIFETIME UNIQUE OPPORTUNITY! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO-Responsibility Investment and watch your equity grow. $75,000 per year Cash Flow without any responsibility. Purchase this ground lease for a fraction of what it will be worth when it matures!!!
Property Details
- Property Type
- Multi Family
- Status
- Active
- MLS #
- B26044989
- Building Area
- 1,864,368 SF
- Lot Size
- 4.28 acres
- Year Built
- 1964
- Zoning
- RM-18
- Units
- 195
- Net Operating Income
- $71,000
- Days on Market
- 0
- Price
- $6,650,000