Updated Furnished Unit Near
For Sale
$199,900
500 Layne Blvd 6, Hallandale Beach, FL 33009
Tastefully updated, furnished unit near the beach, restaurants, entertainment.
Property Size600 SF
Days on Market324
Property Features for 500 Layne Blvd 6
General Information
Standard status
Active
Size
600 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$2,743
Building Details
Building Size
600 SF
Year Built
1963
Listed By:
Manon I Nadeau · License #3263232
(954) 534-0606
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 10
Last Checked: Oct 16 at 9:21AM
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 Manon I Nadeau
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Investment Insights
Based on property information with market context.
This fully furnished unit has been updated with impact windows and doors, tile flooring, and an open kitchen featuring stainless steel appliances and a modern bathroom. Convenient features include a central vacuum and portable washer. The property is located within the gated community of Golden Isles, surrounded by waterfront homes. The location offers walking distance to the beach, restaurants, and entertainment options. The property is suitable for residential income.
Key Highlights
- Fully furnished and tastefully updated unit.
- Impact windows and doors.
- Open kitchen with stainless steel appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,228
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,560
$184.6K
Cap Rate 7%
$131,829
$131.8K
Cap Rate 9%
$102,533
$102.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$17.6K $29.28/SF
− Vacancy
−$791 −$1.32/SF
EGI
$16.8K $27.96/SF
− OpEx
−$7.5K −$12.58/SF
NOI
$9.2K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,560
Cap Rate 7%
$131,829
Cap Rate 9%
$102,533
Alternative Uses
Best Use
Apartment 5plus
$131.8K
$115.4K – $153.8K
NOI $9,228 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.4K
$266.4K – $355.1K
NOI $21,308 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Tastefully updated, furnished unit near the beach, restaurants, entertainment.
Where is this apartment building located?
The property is located at 500 Layne Blvd 6 Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Fully furnished and tastefully updated unit.; Impact windows and doors.; Open kitchen with stainless steel appliances.
