Apartments

Breezeway Apartments

701 NE 8th Street

Hallandale

, FL

10

# of Units

4.53%

Cap Rate

$355.72

Price Per Sq. Ft.

$215,000

Price per Unit

Breezeway Apartments

Investment Overview

Marcus & Millichap, as exclusive listing agent is excited to bring to market Breezeway Apartments, a boutique apartment building located on NE 8th Street, east of Federal Highway (US 1) in the highly sought after market of Hallandale Beach, Florida.

Hallandale Beach is located in Broward County, Florida between Miami to the south and Fort Lauderdale to the north making it easily accessible. Breezeway Apartments is located just north of Hallandale Beach Boulevard and east of Federal Highway (US 1), both major thorough fares lined with restaurants, retail and shopping, as well as providing access to the beaches. Additionally, The Big Easy Casino is one block to the west and Gulfstream Park and Casino and the Aventura Mall are just to the south of the property. South City Beach Park, the Village of Gulfstream Park, Hollywood Beach Boardwalk, Curci House and Dining Scene are other points of interest in the immediate area.

Breezeway Apartments is comprised of a two-story, garden style apartment building situated on a .21 acre parcel. The property was constructed in 1973 of concrete block with a flat roof and offers a unit mix of eight one-bedroom and two two-bedroom units. The roof is approximately five years old and the 40-year certification has been completed. The units offer central air-conditioning and separate hot-water heaters. Each unit features tile flooring throughout. All apartments are separately metered for electricity, while water and trash removal are included in the rent. Breezeway Apartments offers an investor the rare opportunity to acquire a well-located property in a highly sought after Hallandale Beach location.

Investment HIGHLIGHTS

  • Excellent Hallandale Beach Location
  • Located East of Federal Highway (US 1)
  • Highly Sought-After Rental Market
  • Close proximity to Gulfstream Park and Hallandale Beach
  • Offered For Sale by Long Term Owner of Over 8 Years
  • Desirable Unit Mix of One and Two Bedrooms
  • Roof is Approximately 5 years old
  • All Units have Central Air-Conditioning
  • Located Within Walking Distance to Restaurants and Shopping

Listed By

Lead Agent

Brandon J. Rex

Senior Vice President Investments

brandon.rex@marcusmillichap.com
Phone: (954) 245-3488
License: FL: SL 672545

Evan P. Kristol

Executive Managing Director Investments

evan.kristol@marcusmillichap.com
Phone: (954) 245-3459
License: FL: SL640466

Austin Michels

Associate

austin.michels@marcusmillichap.com
Phone: (954) 245-3439
License: FL: SL3510497

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Contact Us

The Kristol Group

5900 North Andrews Avenue
Suite 100
Fort Lauderdale, FL 33309
954-245-3400
info@kristolgroup.com