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    623 5 St Hallandale Beach, FL 33009

    For Sale
    $719,000

    Prime Hallandale Beach duplex, two 2/2 units, high rental income.

    Property size:
    2,062 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 1-story, 2,062 square foot duplex located at 623 NE 5th ST, Hallandale Beach, FL 33009, in Broward County. Built in 1965, this property boasts two legally permitted 2-bedroom, 2-bathroom units, each with its own private backyard. Currently generating substantial rental income with long-term tenants—Unit 1 at $2200 per month and Unit 2 at $2000 per month—this property offers immediate cash flow. The property features hurricane impact windows and a recently installed fence. The roof is in good condition. Situated east of US 1 in a well-developed area with abundant shops and restaurants, this duplex presents a compelling investment in a highly desirable location. Proof of funds and an escrow letter showing a deposit are required before submitting an offer and viewing the property. Seller financing is available with up to 70% LTV at a very competitive interest-only rate. Do not disturb tenants.

    Property Features for 623 5 St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,062 SF

    Building Details

    Year Built
    1965
    Stories
    1
    Units
    2

    HighLights

    • $719,000 asking price.
    • Hallandale Beach, FL multifamily investment opportunity.
    • Two‑unit duplex (2/2 each), totaling 2,062 square feet.
    • Currently generating $4,200 monthly rental income from long‑term tenants.
    • Features include hurricane impact windows and a new fence.
    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
    -80.1416143
    Latitude
    25.9917942

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    FAQs

    What type of property is this?
    Multifamily property - Prime Hallandale Beach duplex, two 2/2 units, high rental income.
    Where is this multifamily property located?
    The property is located at 623 5 St Hallandale Beach, FL.
    What is the asking price?
    The asking price for this property is $719,000.
    What are key features of this property?
    This property features: $719,000 asking price.; Hallandale Beach, FL multifamily investment opportunity.; Two-unit duplex (2/2 each), totaling 2,062 square feet.
    Request Owner's contact information
    623 5 St 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
    623 5 St Hallandale Beach, FL 33009
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