Corner Duplex with Fenced
800 SW 9TH Street, Hallandale Beach, FL 33009
For Sale
$625,000
Separate water and electric meters serve the two residences, each with a fenced patio.
Property Size2,022 SF
Price / SF$309.10
Days on Market64
Property Features for 800 SW 9TH Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Amenities
central A/C
washer and dryer in each unit
fenced patios
Building Details
Year Built
Tenancy
Listing Agency:
Preferred Prop Enterprises Inc
(954) 921-4441
Listed By:
Larry K Langsbard · License #0408047
(954) 673-4597
Source:
Wycliffecommunityrealty
Added: Sep 7
Changed: Nov 8
Last Checked: Nov 8 at 1:51PM
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 Preferred Prop Enterprises Inc
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Investment Insights
Based on property information with market context.
This 2,022-square-foot duplex, built in 1981, contains two residences with matching layouts: each has two bedrooms and one-and-a-half bathrooms. Both units have newer washers and dryers, and the property has newer central air conditioning. Sliding doors connect the living rooms to fenced patios. Exterior sealing, preparation, and painting are underway.
Located on a corner in Hallandale Beach, the property has separate water and electric meters for the units.
Located on a corner in Hallandale Beach, the property has separate water and electric meters for the units.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 bathrooms
- 2,022 square feet; built in 1981
- Separate water and electric meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,897
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,940
$617.9K
Cap Rate 7%
$441,386
$441.4K
Cap Rate 9%
$343,300
$343.3K
Market Conditions
NOI Build-Up for 2,022 SF
Gross rent
$59.4K $29.40/SF
− Vacancy
−$3.3K −$1.62/SF
EGI
$56.2K $27.78/SF
− OpEx
−$25.3K −$12.50/SF
NOI
$30.9K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$617,940
Cap Rate 7%
$441,386
Cap Rate 9%
$343,300
Alternative Uses
Best Use
Apartment 5plus
$441.4K
$386.2K – $515.0K
NOI $30,897 @ 7.0% cap · market cap 4.94%
Second Best
Multifamily LT 5
$339.1K
$296.7K – $395.7K
NOI $23,739 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.03M
$897.6K – $1.20M
NOI $71,809 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
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 - Separate water and electric meters serve the two residences, each with a fenced patio.
Where is this duplex located?
The property is located at 800 SW 9TH Street Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1.5 bathrooms; 2,022 square feet; built in 1981; Separate water and electric meters for the units
