6-Unit Corner-Lot Apartment
923 SE 2nd Ave #1-6, Hallandale Beach, FL 33009
For Sale
New
$1,497,000
Two buildings offer four one-bedroom apartments and two efficiency units.
Property Size3,157 SF
Lot Size0.23 Acres
Price / SF$474.18
Days on Market5
Property Features for 923 SE 2nd Ave #1-6
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Keter Estates LLC
Listed By:
Erica Mizrahi · License #3239938
(305) 761-1612
Source:
Aimcapitalrealty
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 Keter Estates LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 923 SE 2nd Ave in Hallandale Beach, this 1970 apartment property comprises two buildings with three units apiece. The six apartments include four one-bedroom, one-bath units and two efficiencies. The buildings contain 3157 square feet on a 9,906-square-foot corner lot, with CENTRAL zoning.
Gulfstream Park, beaches, shopping, major roadways, and employment centers are cited as nearby destinations. The property’s configuration combines six residential units across two separate buildings.
Gulfstream Park, beaches, shopping, major roadways, and employment centers are cited as nearby destinations. The property’s configuration combines six residential units across two separate buildings.
Key Highlights
- Six apartments across two buildings, with three units in each
- Unit mix: four 1‑bedroom/1‑bath apartments and two efficiency units
- 3157 square feet of building area on a 9,906 sq ft corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,553
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$971,060
$971.1K
Cap Rate 7%
$693,614
$693.6K
Cap Rate 9%
$539,478
$539.5K
Market Conditions
NOI Build-Up for 3,157 SF
Gross rent
$92.4K $29.28/SF
− Vacancy
−$4.2K −$1.32/SF
EGI
$88.3K $27.96/SF
− OpEx
−$39.7K −$12.58/SF
NOI
$48.6K $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%
$971,060
Cap Rate 7%
$693,614
Cap Rate 9%
$539,478
Alternative Uses
Best Use
Apartment 5plus
$693.6K
$606.9K – $809.2K
NOI $48,553 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,118 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Paved road access
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
$248,300
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Broward County, FL
Properties on Market for Apartment buildings in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings offer four one-bedroom apartments and two efficiency units.
Where is this apartment building located?
The property is located at 923 SE 2nd Ave #1-6 Hallandale Beach, FL.
What is the asking price?
The asking price for this property is $1,497,000.
What are key features of this property?
This property features: Six apartments across two buildings, with three units in each; Unit mix: four 1‑bedroom/1‑bath apartments and two efficiency units; 3157 square feet of building area on a 9,906 sq ft corner lot
