Interior
- Bathrooms
- 0
- Living area
- 2,420 sq ft
- Flooring
- Ceramic Tile, Tile
- Cooling
- Ceiling Fans, Wall Window Units
- Heating
- Wall Furnace
- Interior features
- Main Living Area Entry Level
Active · Quadruplex
$879,000
224 SE 9th Court 1-4, Hallandale Beach, FL 33009
- Beds
- —
- Baths
- 0
- Living area
- 2,420 sq ft
- $ / sq ft
- $363/sq ft
- Year built
- 1953
- Lot size
- 9,903 sq ft
- HOA fee
- —
- Annual tax
- $12,933
About this property
The property at 224 SE 9th Ct., Hallandale Beach, FL 33009 is a multifamily 4-plex located on a 9,903 SF lot within the Central RAC zoning district. This zoning designation allows redevelopment potential of up to 12 residential units. Neighborhood & Development Trends: The Southeastern Core Corridor of Hallandale Beach is experiencing significant new development, with upscale office, retail, and residential projects transforming the area into a high-end mixed-use hub. Major Redevelopment Potential: Given its Central RAC zoning, the property has the flexibility to be expanded into a higher-density residential development, which is attractive for investors looking to capitalize on the area's growth. DOWNLOAD OFFER MEMORANDUM
Property location
Get Directions224 SE 9th Court 1-4, Hallandale Beach, FL 33009
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Facts & features
Exterior & Structure
- Property type
- Quadruplex
- Year built
- 1953
- Stories
- 1
- Lot size
- 9,903 sq ft
- Architectural style
- One Story, Fourplex
- Roof
- Composition
- Construction
- Block, Stucco
- Exterior features
- Fence, None, Room For Pool
- Pool
- None
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Pets allowed
- No
- Annual tax
- $12,933
- Subdivision
- HALLANDALE PARK
- County
- Broward
- Days on market
- 123
- MLS listing ID
- B26030922
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$338
- Cap rate
- 6.2%
- Net yield
- 6.2%
- Cash-on-cash return
- 1.6%
- Gross yield
- 9.2%
- Mortgage payment
- $4,167/mo
- Down payment
- $219,750
- Loan amount
- $659,250
- Annual NOI
- $54,062
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.