Address: 450 Paradise Isle Blvd, Hallandale Beach, FL 33009
Description
ONCE IN A LIFETIME UNIQUE OPPORTUNITY! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO Responsibility Investment and watch your equity grow. Purchase this ground lease for a fraction of what it will be worth when it matures!!!
ONCE IN A LIFETIME UNIQUE OPPORTUNITY! Amazing Opportunity to Own this Beautiful Ground Lease in the City of Hallandale. It is a TRUE ISLAND, surrounded by over 2,200 linear feet of waterway on all 3 sides connected to the mainland by bridge... just 1 minute to the Intercoastal waterway. Lot size is 4.28 acres with 7 buildings comprised of #194 apartment units, a recreational center, and #42 Boat slips and docks. Enjoy this NO Responsibility Investment and watch your equity grow. Purchase this ground lease for a fraction of what it will be worth when it matures!!!
Features
Building and Construction
Ceiling Description: Other Ceiling
Construction Type: Concrete Block Construction, Stucco Exterior Construction
Num Stories: 3.0000
Roof Description: Comp Shingle Roof
Typeof Building: Commercial
Year Built Description: Resale
Property Information
Property Description: LAND LEASE (MULTI FAMILY)
Transaction Type Mlx: Sale
Typeof Property: Income/Multi-Family
Land Information
Total Acreage: 4.2800
Eco-Communities
Environmental Audit: None
Water Description: Public Water
Utilities
Cooling Description: Central Building A/C
Fire Protection: Other Fire Protection
Heating Description: Central Building A/C
Num Meters: 200
Number Of Units: 195
Sewer Description: Public Sanitation
Amenities
Common Area Maint Amount: 0.0000
Common Area Maint Includes: A/C & Heating Maintenance, Inside Insurance, Outside Insurance, Lawn Care, Management Fees
Finance and Tax Information
Assoc Fee Paid Per: None
Net Operating Income: 71000
Sourceof Expenses: Owner Provided
Tax Year: 2023
Other Features
Board Identifier: BeachesMLS
Country: United States
Geographic Area: Hollywood East (3010-3050)
Information Available: Aerial Photo(S), Copy Of Lease(S)
Legal Description: ISLE OF PARADISE 59-8 B TRACT G-1
Locationof Property: City Location, Corner Unit, Corner Lot, Near Airport
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