Duplex
Income-Producing Duplex | Immediate Cash Flow + Upside Potential in Prime Hallandale
Marketing description
Well-maintained duplex in a prime Hallandale Beach location offering immediate income with built-in upside. The property features two separate 1-bedroom, 1-bathroom units with tile flooring throughout and individual electric meters, creating an efficient, low-maintenance investment.
One unit is currently leased at $1,625/month, providing stable in-place cash flow, while the second unit is vacant and ready for immediate occupancy or lease-up at market rent. This setup is ideal for investors seeking strong returns or an owner-user looking to offset expenses by living in one unit and renting the other.
Recent upgrades include a new roof, updated electrical, tankless water heater, A/C (2021), and a paver driveway—minimizing near-term capital expenditures. With no HOA and a simple expense structure (owner covers water, sewer, trash, and lawn), the property offers clean operations and attractive margins.
Projected rents exceed $3,600/month, supporting a 9%+ cap rate with additional upside through rent growth or repositioning. Located near major roadways, shopping, and beaches, this asset benefits from strong rental demand and long-term appreciation potential.
Ideal for investors or end-users looking for a turnkey opportunity in a high-demand South Florida submarket.
Investment highlights
Immediate Income + Vacancy Upside: One unit leased at $1,625/month; second unit vacant—ideal for owner-user or to lease at market rent immediately
Strong Yield Profile: 9%+ cap rate with upside as rents trend toward $3,600+/month
Low Expense Structure: Tenants pay electric; owner only covers water, sewer, trash, and lawn
Recent Capital Improvements: New roof, updated electrical, tankless water heater, A/C (2021), paver driveway
Separate Utilities: Individual electric meters reduce landlord exposure and simplify management
No HOA: No association fees or restrictions impacting cash flow
Turnkey Condition: Tile flooring throughout and minimal deferred maintenance
Flexible Exit Strategy: Ideal for investor hold, house-hack (live + rent), or future repositioning
High-Demand Rental Submarket: Consistent tenant demand in Hallandale Beach near major corridors, retail, and beaches
Value-Add Potential: Ability to increase rents to market and further enhance returns**
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