806-814 Northwest 7th Terrace,

Hallandale Beach, FL 33009

Price:
$4,960,000
Total Units:
32
Number of Buildings:
3
Number of Stories:
1
Years Built:
1955-1961
Zoning
WEST RAC
Living Area:
15,464 Square Feet (*BCPA)
Lot Size:
35,749 Square Feet (*BCPA)
Type of Ownership:
Fee Simple
Landscaping:
Tropical
Topography:
Level
Utilities – Water:
City of Hallandale Beach – Paid by Owner (806 NW 7th Terrace) | Paid by Tenant (814 NW 7th Terrace)
Utilities – Electric:
FPL – Paid by Tenant
HVAC:
Window Air Conditioning Units

INVESTMENT OVERVIEW

806–814 Northwest 7th Terrace is a 32-unit apartment complex, consisting of three single-story buildings constructed between 1955 and 1961 of concrete block and stucco with flat and shingle roofs. The unit mix consists of (24) one-bedroom/one-bathroom units and (8) two-bedroom/one-bathroom units. The buildings contain approximately 15,464 square feet and are situated on a 0.82-acre lot, according to the Broward County Property Appraiser. All units have been renovated by current ownership and feature either vinyl wood-plank or ceramic tile flooring, with new kitchens and bathrooms, stainless steel appliances, and window/wall air conditioning units.

Located in the heart of Hallandale Beach, Florida, proximate to Pembroke Road, Dixie Highway, Federal Highway (US-1), and Interstate 95. The portfolio’s central location provides residents with convenient access to OB Johnson Park, Hallandale High School, McNicol Middle School, and numerous retail, dining, and recreational destinations. The area has experienced steady population growth, driven by its proximity to employment centers and coastal amenities.

Nearby points of interest include OB Johnson Park and Tennis Courts (0.1 miles), Dunkin’ (0.8 miles), Padel Life & Soccer (0.9 miles), The Big Easy Casino (1.4 miles), Atlantic Village (1.4 miles), Hallandale Beach YMCA Family Center (1.8 miles), Publix Super Market at Hallandale Place (2.0 miles), Hallandale Shopping Center (2.1 miles), Diplomat Mall Shopping Center (2.1 miles), Gulfstream Park Racing & Casino (2.2 miles), Starbucks (2.3 miles), HCA Florida Aventura Hospital (2.3 miles), Aventura Commons (2.4 miles), Orangebrook Golf & Country Club (2.5 miles), Joe DiMaggio Children’s Hospital & Memorial Regional Hospital (3.1 miles), and Fort Lauderdale–Hollywood International Airport (7.5 miles).

Nearby educational facilities include Hallandale High School (0.5 miles), McNicol Middle School (0.7 miles), and Colbert Elementary School (0.9 miles).

806–814 Northwest 7th Terrace is being offered for sale at $4,960,000 or $155,000 per unit

INVESTMENT HIGHLIGHTS

  • Renovated 32-unit complex: (24) one-bedroom/one-bathroom units and (8) two-bedroom/one-bathroom units across three single-story buildings (approximately 15,464 square feet on 0.82 acres)
  • Central Hallandale Beach location: Near Pembroke Road, Dixie Highway, Federal Highway (U.S.-1), and Interstate 95 with strong access to employment and coastal amenities
  • Amenity-rich surroundings: Close to OB Johnson Park and Tennis Courts (0.1 miles), Atlantic Village (1.4 miles), Gulfstream Park Racing and Casino (2.2 miles), and Aventura-area retail/medical

EXCLUSIVELY LISTED BY

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com

ALEC DEMETRIOU

Director Investments
Fort Lauderdale Office
Tel: (954) 245-3586
FL SL 3328468
alec.demetriou@marcusmillichap.com
Southern Broward & Miami-Dade Counties