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Residential Income Active

129 SE 5th St, Hallandale Beach FL 33009

  • $3,200,000

Overview

  • Quadruplex
    Property Type
  • 13990 Square Feet
    Area Size
  • Square Feet
    Land Area
  • 1977
    Year Built
  • Exclusive Premier Realty
    Listing Office
  • Alexander Virelles
    Listing Agent
  • A11999268
    Property ID

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Description

This is 14 units in Hallandale Beach, an A+ rated location! Property consists of 10 efficiencies, 2-2/2s, and 2-1/1s. The property was run as an Assisted Living faciitly prior to 2019 and can still function as one with a license. The city will allow for up to 20 residents for an ALF. Its currenty functioning as regular rental property.
1st building: Consists of 10 efficiencies-rented at 1300/mo month to month (3200 sq ft)
2nd building: Consists of 2-2/2s-rented at 2300/mo each unit and 2-1/1s rented at 1800/mo each unit.(3200 sq ft)
NOI=221,067
If you have or acquire an ALF license, you can get 4-5k per resident have up to 20 residents. Possible Pro Forma NOI running as an ALF=$545,090!
4 power meters and 2 water meters
Both roofs are new!!

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Details

Updated on June 2, 2026 at 1:35 pm
  • Property ID A11999268
  • Price $3,200,000
  • Property Size 13990 Square Feet
  • Year Built 1977
  • Property Type Quadruplex
  • Property Status Residential Income
  • Listing Agent Alexander Virelles
  • Listing Office Exclusive Premier Realty

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