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Property profile

815 Foster Rd Hallandale Beach, FL 33009

OFF-MARKET
Apartment buildings
Property ID
US18-1864892
Built 1977
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Property summary

AI-generated overview

This well-maintained, one-story duplex located at 815 Foster Road in Hallandale Beach, Florida, presents a compelling investment opportunity. Built in 1977, this property features two 2-bedroom, 1-bathroom units, each equipped with central air conditioning and tile floors. The property boasts storm shutters on all windows, providing added protection. Separate water meters ensure efficient utility management, with tenants responsible for all utilities. While the property could benefit from some minor cosmetic updates ("TLC"), it offers immediate income potential. Both units are currently vacant, allowing for immediate lease-up and maximizing rental income. Rentometer data indicates a 75th percentile monthly rent of $2402.00 and an average rent of $2152.00. The asking price is $650,000. The property is situated in a rapidly growing area of Hallandale Beach on Foster Road. Serious inquiries only; all buyers must physically view the property before submitting offers. No contract assignments are permitted. Cash buyers must provide proof of funds. A 24-hour notice is required for showings. This property is offered as-is.

Property profile

Verified
Property type Apartment buildings
Year built 1977
UPID US18-1864892

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

815 Foster Rd Hallandale Beach, FL 33009
Hallandale Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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