Two-Unit
724 NW 6th Street, Hallandale Beach, FL 33009
For Sale
$375,000
Both residences are one-bedroom, one-bathroom units with separate electric and water meters.
Property Size1,066 SF
Price / SF$351.78
Days on Market59
Property Features for 724 NW 6th Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Listing Agency:
Elite Realty Partners, Inc.
(954) 990-7526
Listed By:
Lanorris Quentin Miller · License #3450246
(786) 859-6558
Source:
Wycliffecommunityrealty
Added: Sep 9
Changed: Nov 6
Last Checked: Nov 6 at 3:42PM
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 duplex contains two one-bedroom, one-bathroom residences. Each unit has its own electric and water meter. The building dates to 1956 and contains 1,066 square feet.
The property is vacant and available for access by lockbox.
The property is vacant and available for access by lockbox.
Key Highlights
- Two one‑bedroom, one‑bathroom units
- Separate electric and water meters for each unit
- 1,066 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,770
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,400
$355.4K
Cap Rate 7%
$253,857
$253.9K
Cap Rate 9%
$197,444
$197.4K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$26.9K $25.20/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$25.4K $23.81/SF
− OpEx
−$7.6K −$7.14/SF
NOI
$17.8K $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%
$355,400
Cap Rate 7%
$253,857
Cap Rate 9%
$197,444
Alternative Uses
Best Use
Multifamily LT 5
$253.9K
$222.1K – $296.2K
NOI $17,770 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$234.2K
$204.9K – $273.2K
NOI $16,394 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$540.8K
$473.2K – $631.0K
NOI $37,858 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
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
$248,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences are one-bedroom, one-bathroom units with separate electric and water meters.
Where is this duplex located?
The property is located at 724 NW 6th Street Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units; Separate electric and water meters for each unit; 1,066 square feet
