215 Northeast 10th Avenue

The Thomas Team of Marcus & Millichap are pleased to present 215 Northeast 10th Avenue, a multifamily property operating as 18-units and located at 215 Northeast 10th Avenue in Hallandale Beach, Florida.

SUBJECT PROPERTY

215 Northeast 10th Avenue was constructed in 1956 and comprises (8) single-story concrete block buildings with painted stucco exteriors and shingle roofs. The property currently consists of (4) studio apartments, (1) one-bedroom/one-bathroom apartment and (13) two-bedroom/one-bathroom apartments. The buildings total 10,180 square feet and encompass a 47,498-square-foot lot (1.09 acres), according to the Broward County Property Appraiser.

LOCATION

215 Northeast 10th Avenue is located in Hallandale Beach, Florida, offering residents convenient access to Hallandale Beach Boulevard and Federal Highway (US-1) and positioning the property near major employment centers and daily-needs retail. The surrounding 3-mile area reports an average household income of  $99,323 and population growth of 9.01% since 2010 (Experian). The property is also a short drive to Aventura, Hollywood, Sunny Isles, and Fort Lauderdale.

Surrounding retailers and points of interest include Bank of America (0.3 miles), Wells Fargo (0.5 miles), Dunkin’ (0.5 miles), Hallandale Place Shopping Center (Publix, Petco) (0.7 miles), Walgreens Pharmacy (0.8 miles), Diplomat Shopping Center (Chase, Starbucks, Panera) (0.9 miles), Atlantic Village (0.9 miles), The Big Easy Casino (1.0 miles), CVS (1.0 miles), Peter Bluesten Park (1.1 miles) and Gulfstream Park (Casino, Yard House, Texas de Brazil) (1.2 miles). Additionally just a short drive from the property is Walmart Supercenter (1.4 miles), Aventura Commons (Whole Foods, Target, Best Buy) (1.4 miles), Young Circle / Downtown Hollywood (1.7 miles), Brightline (Aventura Station) (2.6 miles), and Fort Lauderdale-Hollywood International Airport (6.4 miles).

Nearby educational facilities include Hollywood Central Elementary School (1.6 miles), Hallandale High School (1.9 miles), Gulfstream Academy of Hallandale Beach K-8 (2.0 miles), and McNicol Middle School (2.2 miles).

SUMMARY

215 Northeast 10th Avenue is being offered for sale at $3,060,000 or $170,000 per unit.