823-825 NW 9th St

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823-825 NW 9th St

Hallandale Beach, FL 33009
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential multifamily building located in Hallandale Beach, Florida.
  • The property at 823-825 NW 9th St features two units.
  • Located in a region with consistent demand for apartment housing.
  • Provides a straightforward investment opportunity for residential income.
  • Accessible location near South Florida transportation and employment centers.

What's Special

Hallandale Beach serves as a vibrant coastal corridor within South Florida, benefiting from consistent demand for residential housing near the Atlantic coastline. This multifamily apartment building is situated at 823-825 NW 9th St, positioned within a densely populated submarket that provides convenient access to regional transportation arteries and local employment centers. The asset consists of 2 units, making it an efficient choice for investors seeking a smaller footprint in a high-demand rental environment. Apartment properties in this area frequently attract long-term residents due to the proximity to major South Florida economic hubs and regional amenities. The scale of this two-unit building allows for straightforward management and provides a stable foundation for a portfolio focused on residential income generation. Owners may leverage the property for consistent rental cash flow in a municipality that continues to experience steady population growth and interest from both local and regional housing seekers.

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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

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