525 NW 5TH STREET

525 Northwest 5th Street,

Hallandale Beach, FL 33309

Price:
$1,860,000
Total Units:
12
Number of Buildings:
3
Number of Stories:
1
Years Built:
1959
Zoning
RS-7
Living Area:
6,180 Square Feet (*BCPA)
Lot Size:
14,018 Square Feet (*BCPA)
Type of Ownership:
Fee Simple
Utilities – Water:
City of Hallandale Beach – Paid by Tenant
Utilities – Electric:
FPL – Paid by Tenant
HVAC:
Window Air Conditioning Units

INVESTMENT OVERVIEW

525–533 Northwest 5th Street is a 12-unit apartment complex, consisting of three single-story buildings constructed in 1959 of concrete block and stucco with shingle roofs. The unit mix consists of (12) one-bedroom/one-bathroom units. The building contains 6,180 square feet and is situated on a 0.32-acre lot. 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).

525–533 Northwest 5th Street is being offered for sale at $1,860,000 or $155,000 per unit

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