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Wade M. Berlin

ABR,BrkrAssc,CNE,CPM,FSSR,GAA,LLC,PMN,REALTOR ®,SRES
Broker IDX Sites Inc.
The Real Estate Professional You Deserve
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450 Paradise Isle Blvd
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PRICED AT ONLY: $6,650,000

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!!!
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

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  • MLS#: F10439205 ( Commercial/Industrial )
  • Street Address: 450 Paradise Isle Blvd
  • Viewed: 28
  • Price: $6,650,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 521
  • Acreage: 4.28 acres
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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
  • Miscellaneous Information: Handicap Accessible
  • Parcel Number: 514226140070
  • Possession Information: At Closing
  • Sale Includes: Land Only, Leases
  • Views: 28
Owner Information
  • Owners Name: Regency Professional
  • Owners Phone: 954-980-3317

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin