$6,650,000
Hallandale Beach, FL 33009
MLS# FX-10439205
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Property Description
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. Purchase this ground lease for a fraction of what it will be worth when it matures!!!
Details
Documents
Contract Information
Status: Active
Original List Price: 6650000
Auction: No
List Price: $6,650,000
Current Price: $6,650,000
Listing Date: 2024-05-13
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: LAND LEASE (MULTI FA
Year Built: 1964
Built Desc: Resale
# of Stories: 3
Total Units: 195
Acres: 4.28
Waterfront: Yes
Location Tax Legal
Area: 3040
County: Broward
Parcel ID: 514226140070
Street #: 450
Street Name: Paradise Isle
Street Suffix: Boulevard
Zip Code: 33009
Legal Desc: ISLE OF PARADISE 59-8 B TRACT G-1
Geo Lat: 25.982028
Geo Lon: -80.129548
Building Info
Miles to Expressway: 3
Monetary Info
Gross Sched Income: 71000
Gross Oper Income: 71000
Net Oper Income: 71000
Source of Expenses: Owner
Property Features
Construction: Block; Concrete; Stucco
Location: Airport Access
Sale Includes: Land Only
Avail Docs: Aerial
Avail Info: Copies of Lease
Cooling: Central Building
Heating: Central Building
Tenant Pays: Insurance; Water
Utilities: Public Water
Maintenance Fee Incl: Insurance-Bldg; Insurance-Interior; Lawn Care; Management Fees
Roof: Comp Shingle
Survey and Arial Photo Listing Office: Joe Caprio & Co. Real Estate
Last Updated: November - 21 - 2025
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