705-713 NE 3rd St #1-9, Hallandale Beach, FL 33009
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705-713 NE 3rd St #1-9, Hallandale Beach, FL 33009
705-713 NE 3rd St #1-9, Hallandale Beach, FL 33009
705-713 NE 3rd St #1-9, Hallandale Beach, FL 33009
705-713 NE 3rd St #1-9, Hallandale Beach, FL 33009
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 1,950,000
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Price Dropped by $49K

705-713 NE 3rd St #1-9 Hallandale Beach, FL 33009

3,824 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,824 sqft

Price per Sqft $509

MLS Listing ID A12003925

HOA Y/N No

Year Built 1951

Annual Tax Amount $24,519

Lot Size 0.308 Acres

Property Sub-Type Multi Family

Property Description

Opportunity to Acquire 9 Apartment Units on an Big Oversized 13,430 SF Lot (0.31 Acres) This is a rare value-add opportunity.

The property offers several recent improvements, including impact windows installed by the previous owner and a new roof completed in 2018. Interior finishes include a mix of vinyl flooring and tile flooring throughout the units. In terms of cooling, 2 units have split A/C systems and 7 units have window A/C units.

9 Assigned Parking Spaces

Current rents are below market, creating significant upside potential for a new owner.

The location is exceptional, and the redevelopment potential is tremendous. According to zoning, the property may allow for the development of a new 5-story multifamily building with up to 15.42 units and approximately 8,774 SF of building area.

Investment Highlights:

Strong value-add play through rent increases
Opportunity to modernize units and significantly boost NOI
Large lot offering future redevelopment optionality
Located in a prime rental corridor with strong demand fundamentals

This creates a rare covered land play — generate income today while planning a future redevelopment exit.

You're not buying into a location — you're buying into an established urban core.

Buyer must independently verify all zoning, density, and development potential with the appropriate zoning department and conduct their own due diligence.

Location

State FL

County Broward

Area 3040

Direction Use GPS

Exterior

Private Pool Yes

Others

Tax ID 514222130120

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12003925

Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company

NEARBY SCHOOLS & PROPERTIES

Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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705-713 NE 3rd St #1-9

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