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    809 2 St Hallandale Beach, FL 33009

    For Sale
    $475,000

    Two-unit apartment building, great ROI.

    Property size:
    1,422 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This charming Hallandale Beach duplex presents a fantastic investment opportunity. Located at 809 NE 2nd St, in Broward County, Florida (zip code 33009), this 1-story, 1960-built property offers two 1-bedroom, 1-bathroom units, each approximately 700 square feet. The total square footage is 1,422. The property boasts tile floors throughout both units, providing easy maintenance and a clean aesthetic. Significant updates have already been completed, including a roof replacement and AC system replacement within the last four years, minimizing immediate maintenance concerns for the new owner. Situated east of US1, this duplex offers convenient access to local amenities and transportation. The asking price is $475,000, making it an attractive option for investors seeking a strong return on investment in the desirable Hallandale Beach market. This property is a turnkey investment ready for immediate income generation.

    Property Features for 809 2 St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,422 SF

    Building Details

    Year Built
    1960
    Stories
    1
    Units
    2

    HighLights

    • Hallandale Beach duplex investment opportunity at 809 NE 2nd St, Hallandale Beach, FL 33009.
    • Two 1‑bedroom, 1‑bathroom units, each approximately 700 sq ft, totaling 1,422 sq ft.
    • Tile floors throughout, recently updated roof and AC.
    • East of US1, convenient location.
    • Asking price: $475,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hallandale Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1398794
    Latitude
    25.9881688

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, great ROI.
    Where is this multifamily property located?
    The property is located at 809 2 St Hallandale Beach, FL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Hallandale Beach duplex investment opportunity at 809 NE 2nd St, Hallandale Beach, FL 33009.; Two 1-bedroom, 1-bathroom units, each approximately 700 sq ft, totaling 1,422 sq ft.; Tile floors throughout, recently updated roof and AC.
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    809 2 St Hallandale Beach, FL 33009
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    Hallandale Beach, FL 33009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    809 2 St Hallandale Beach, FL 33009
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