Residential Income
850 SW 9th Avenue # C Unit 1-4 # C, Hallandale Beach, FL 33009
For Sale
Contact for pricing
The first-floor, two-bedroom residence has updated interior finishes, two assigned parking spaces, and a small backyard.
Property Size3,554 SF
Price / SF$0.68
Days on Market84
Property Features for 850 SW 9th Avenue # C Unit 1-4 # C
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
LoKation
Listed By:
Adanice Villafuerte · License #3392257
Source:
Maggirealty
Added: Aug 15
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 LoKation
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Investment Insights
Based on property information with market context.
This residential income property is reported at 3,554 square feet. Unit C is a first-floor apartment with two bedrooms and one bathroom. Interior updates include a quartz kitchen counter, newer appliances, tile flooring, an updated air-conditioning unit, window shutters, and LED lighting. The unit also has closets and a small backyard.
Two assigned parking spaces are provided. Nearby destinations include an elementary school, Ingalls Park, a gas station, and small shops. The annual lease terms include water, garbage service, and lawn care; pets are not allowed, renter’s insurance is required, and the Housing Choice Voucher Program is welcome.
Two assigned parking spaces are provided. Nearby destinations include an elementary school, Ingalls Park, a gas station, and small shops. The annual lease terms include water, garbage service, and lawn care; pets are not allowed, renter’s insurance is required, and the Housing Choice Voucher Program is welcome.
Key Highlights
- Property size reported as 3,554 square feet
- Unit C is a first‑floor apartment with 2 bedrooms and 1 bathroom
- Two assigned parking spaces and a small backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,658
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,093,160
$1.1M
Cap Rate 7%
$780,829
$780.8K
Cap Rate 9%
$607,311
$607.3K
Market Conditions
NOI Build-Up for 3,554 SF
Gross rent
$104.1K $29.28/SF
− Vacancy
−$4.7K −$1.32/SF
EGI
$99.4K $27.96/SF
− OpEx
−$44.7K −$12.58/SF
NOI
$54.7K $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%
$1,093,160
Cap Rate 7%
$780,829
Cap Rate 9%
$607,311
Alternative Uses
Best Use
Apartment 5plus
$780.8K
$683.2K – $911.0K
NOI $54,658 @ 7.0% cap · market cap 2,277.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,217 @ 7.0% cap · market cap 5,259.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 Residential income properties in Hallandale Beach, FL
Properties on Market for Residential income properties in Hallandale Beach
Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor, two-bedroom residence has updated interior finishes, two assigned parking spaces, and a small backyard.
Where is this residential income property located?
The property is located at 850 SW 9th Avenue # C Unit 1-4 # C Hallandale Beach, FL.
What are key features of this property?
This property features: Property size reported as 3,554 square feet; Unit C is a first‑floor apartment with 2 bedrooms and 1 bathroom; Two assigned parking spaces and a small backyard
