BreakThru Realty

450 Paradise Isle Boulevard, Hallandale Beach, FL 33009

$6,650,000 · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $6,650,000
  • Building size: 1,864,368 sq ft
  • Lot size: 4.28 acres
  • Zoning: RM-18
  • Year built: 1964
  • Units: 195
  • Stories: 3
  • Net operating income: $71,000/yr
  • Cap rate: 1.1%
  • Buildings: 7
  • Parking spaces: 200
  • Parcel ID: 514226140070
  • MLS#: B26044989
Photo 1 at 450 Paradise Isle Boulevard, Hallandale BeachPhoto 2 at 450 Paradise Isle Boulevard, Hallandale BeachPhoto 3 at 450 Paradise Isle Boulevard, Hallandale BeachPhoto 4 at 450 Paradise Isle Boulevard, Hallandale BeachPhoto 5 at 450 Paradise Isle Boulevard, Hallandale BeachPhoto 6 at 450 Paradise Isle Boulevard, Hallandale BeachPhoto 7 at 450 Paradise Isle Boulevard, Hallandale BeachPhoto 8 at 450 Paradise Isle Boulevard, Hallandale Beach

About this property

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. $75,000 per year Cash Flow without any responsibility. Purchase this ground lease for a fraction of what it will be worth when it matures!!!

Building Features and Utilities

  • Cable Available
  • Electricity Available
  • Sewer Available
  • Water Available
  • Block
  • Stucco

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
2 Bedroom—2 / ————

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross scheduled income$71,000/yr
Gross income$71,000/yr
Net operating income$71,000/yr
Cap rate at asking price1.1%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 450 Paradise Isle Boulevard

  • Included: Land, Leases

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Joe Caprio & Co. Real Estate · Joecapriorealestate@gmail.com · Listing agent: Joe F. Caprio

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 450 Paradise Isle Boulevard or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 450 Paradise Isle Boulevard

How much is 450 Paradise Isle Boulevard?
450 Paradise Isle Boulevard is listed at $6,650,000. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 450 Paradise Isle Boulevard?
The listing reports net operating income of $71,000 a year, a cap rate of about 1.1% at the $6,650,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 450 Paradise Isle Boulevard zoned?
The listing reports zoning of RM-18. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 450 Paradise Isle Boulevard?
The listing reports 1,864,368 square feet of building.
When was 450 Paradise Isle Boulevard built?
450 Paradise Isle Boulevard was built in 1964. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
How do I tour 450 Paradise Isle Boulevard?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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