Duplex with Updated Air
720 SW 7th Ter, Hallandale Beach, FL 33009
For Sale
$599,000
The property includes an unofficial efficiency and future land-use allowance for up to three units.
Property Size2,195 SF
Price / SF$272.89
Days on Market210
Property Features for 720 SW 7th Ter
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Elite Realty Partners, Inc.
Listed By:
Shanarika Lonon · License #3614457
Source:
Debuirerealty
Added: Apr 11
Changed: Nov 6
Last Checked: Nov 6 at 2:54PM
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 Elite Realty Partners, Inc.
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Investment Insights
Based on property information with market context.
This 1954 duplex contains 2,195 square feet and includes an unofficial efficiency added by the seller. The roof is new, and the air-conditioning units have been updated. Future land-use designation allows for up to three units.
The property sits on just under a quarter acre in Hallandale Beach. It is less than three minutes from I-95, within minutes of the beach, and near Dania Pointe. Aventura is also accessible from the property.
The property sits on just under a quarter acre in Hallandale Beach. It is less than three minutes from I-95, within minutes of the beach, and near Dania Pointe. Aventura is also accessible from the property.
Key Highlights
- 2,195‑square‑foot duplex built in 1954
- Future land use allows up to three units
- Seller‑added unofficial efficiency
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,590
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,800
$731.8K
Cap Rate 7%
$522,714
$522.7K
Cap Rate 9%
$406,556
$406.6K
Market Conditions
NOI Build-Up for 2,195 SF
Gross rent
$55.3K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$52.3K $23.81/SF
− OpEx
−$15.7K −$7.14/SF
NOI
$36.6K $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%
$731,800
Cap Rate 7%
$522,714
Cap Rate 9%
$406,556
Alternative Uses
Best Use
Multifamily LT 5
$522.7K
$457.4K – $609.8K
NOI $36,590 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$482.3K
$422.0K – $562.6K
NOI $33,758 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.11M
$974.4K – $1.30M
NOI $77,953 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
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
$248,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The property includes an unofficial efficiency and future land-use allowance for up to three units.
Where is this duplex located?
The property is located at 720 SW 7th Ter Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,195‑square‑foot duplex built in 1954; Future land use allows up to three units; Seller‑added unofficial efficiency
