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823 Northwest 9th Street
Hallandale Beach, FL 33009
Asking Price
Contact for price
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
Immediate Cash Flow + Upside Potential in Prime Hallandale <p><strong>Immediate Income + Vacancy Upside:</strong> One unit leased at $1,625/month; second unit vacant—ideal for owner-user or to lease at market rent immediately</p><p><strong>Strong Yield Profile:</strong> 9%+ cap rate with upside as rents trend toward $3,600+/month</p><p><strong>Low Expense Structure:</strong> Tenants pay electric; owner only covers water, sewer, trash, and lawn</p><p><strong>Recent Capital Improvements:</strong> New roof, updated electrical, tankless water heater, A/C (2
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
