Renovated Duplex with Screened
1009 NE 2nd St, Hallandale Beach, FL 33009
For Sale
$770,000
Both residences offer two bedrooms, two full bathrooms, appliances, and dedicated laundry equipment.
Property Size1,877 SF
Lot Size0.14 Acres
Price / SF$410.23
Days on Market39
Property Features for 1009 NE 2nd St
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
screened pool
Building Details
Building Size
Year Built
Listing Agency:
Neale Real Estate Company
Listed By:
Kevin Zheng · License #3564122
Source:
Maggirealty
Added: Sep 29
Changed: Nov 6
Last Checked: Nov 6 at 2:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Neale Real Estate Company
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Investment Insights
Based on property information with market context.
This renovated duplex contains two residences, each arranged with two bedrooms and two full bathrooms. The property totals 1,877 square feet on a 6,300-square-foot lot. Marble flooring, updated bathrooms, appliances, and a washer and dryer are provided in each unit. A screened in-ground pool and circular driveway are additional on-site features.
One residence is rented and the other is vacant. The property is east of US-1 in the Anderson Villas neighborhood of Hallandale Beach. The beach and Gulfstream Park are described as minutes away.
One residence is rented and the other is vacant. The property is east of US-1 in the Anderson Villas neighborhood of Hallandale Beach. The beach and Gulfstream Park are described as minutes away.
Key Highlights
- Two residences, each with 2 bedrooms and 2 full bathrooms
- 1,877 square feet of living space on a 6,300‑square‑foot lot
- Screened in‑ground pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,289
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,780
$625.8K
Cap Rate 7%
$446,986
$447.0K
Cap Rate 9%
$347,656
$347.7K
Market Conditions
NOI Build-Up for 1,877 SF
Gross rent
$47.3K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.7K $23.81/SF
− OpEx
−$13.4K −$7.14/SF
NOI
$31.3K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,780
Cap Rate 7%
$446,986
Cap Rate 9%
$347,656
Alternative Uses
Best Use
Multifamily LT 5
$447.0K
$391.1K – $521.5K
NOI $31,289 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$412.4K
$360.8K – $481.1K
NOI $28,867 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$952.3K
$833.3K – $1.11M
NOI $66,660 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
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Business Placement
Demographics for 33009, FL
43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hallandale Beach, FL
Properties on Market for Duplexes in Hallandale Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, two full bathrooms, appliances, and dedicated laundry equipment.
Where is this duplex located?
The property is located at 1009 NE 2nd St Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 full bathrooms; 1,877 square feet of living space on a 6,300‑square‑foot lot; Screened in‑ground pool
