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Property profile & analytics
OFF-MARKET
Small apartment buildings

815 Foster Rd Hallandale Beach, FL 33009

Built 1977
Property ID
US18-1864892
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 Small 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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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