Northwest Hallandale Apt. Portfolio

The Thomas Team of Marcus & Millichap are pleased to present The Northwest Hallandale Apartment Portfolio, a 122-unit multifamily portfolio consisting of ten single-story properties built between 1955 and 1963, with a combined 69,258 square feet and 4.3 acres of land. The portfolio is located in Hallandale Beach, Florida.

SUBJECT PROPERTIES

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.

725–809 Northwest 7th Avenue is a 16-unit apartment complex, consisting of four single-story buildings constructed between 1960 and 1961 of concrete block and stucco with shingle roofs. The unit mix consists of (16) two-bedroom/one-bathroom units. The buildings total 9,256 square feet and are situated on a 0.66-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.

750 Northwest 9th Avenue is a 14-unit apartment complex, consisting of three single-story buildings constructed in 1956 of concrete block and stucco with shingle and flat roofs. The unit mix consists of (14) one-bedroom/one-bathroom units. The building contains approximately 5,875 square feet and sits on a 0.33-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.

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.

829–837 Northwest 10th Street is a 12-unit apartment complex, consisting of three single-story buildings constructed in 1963 of concrete block and stucco with shingle roofs. The unit mix consists of (12) two-bedroom/one-bathroom units. The buildings contain 9,240 square feet and are situated on a 0.49-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

809–813 Northwest 7th Street is an 8-unit apartment complex, consisting of two single-story buildings constructed in 1959 of concrete block and stucco with shingle roofs. The unit mix consists of (8) two-bedroom/one-bathroom units. The building contains 4,874 square feet and is situated on a 0.33-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.

831–835 Northwest 7th Street is an 8-unit apartment complex, consisting of two single-story buildings constructed in 1959 of concrete block and stucco with shingle roofs. The unit mix consists of (8) two-bedroom/one-bathroom units. The building contains 4,874 square feet and is situated on a 0.33-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.

801–805 Northwest 10th Street is an 8-unit apartment complex, consisting of two single-story buildings constructed in 1962 of concrete block and stucco with shingle roofs. The unit mix consists of (8) two-bedroom/one-bathroom units. The building contains 6,184 square feet and sits on a 0.34-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.

826–830 Northwest 7th Street (+834 Lot) is an 8-unit apartment complex, consisting of two single-story buildings constructed in 1959 of concrete block and stucco with shingle roofs. The unit mix consists of (8) two-bedroom/one-bathroom units. The building contains 4,874 square feet and sits on a 0.50-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.

This property also includes the 834 foot lot next door.

842 Northwest 8th Street is a 4-unit, single-story multifamily property built in 1959 of concrete block and stucco with a shingle roof. The unit mix consists of (4) two-bedroom/one-bathroom units. The building contains 2,437 square feet and sits on a 0.17-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.

LOCATION

The Northwest Hallandale Apartment Portfolio is 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).

SUMMARY

The portfolio is being offered for sale at $21,350,000 or $175,000 per unit. Each property within the portfolio may also be acquired individually.

Individual property pricing is as follows:

• 806–814 NW 7th Terrace – $4,960,000

• 725–809 NW 7th Avenue – $3,040,000

• 750 NW 9th Avenue – $2,170,00

• 525–533 NW 5th Street – $1,860,000

• 829–837 NW 10th Street – $2,340,000

• 809–813 NW 7th Street – $1,520,000

• 831–835 NW 7th Street – $1,500,000

• 801–805 NW 10th Street – $1,560,000

• 826–830 (+ 834 Lot) NW 7th Street – $1,600,000

• 842 NW 8th Street – $800,000