Listed by Media Realty
$879,000
224 SE 9th Court # 4 #1-4
Details
APN 514227140920
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,420
Units 2
NOI $32,256
Year Built 1953
Acreage 0.230
Zoning CENTRAL RAC
Multifamily | 2 Units
Marketing description
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
Listing Contacts
Listed by Media Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,256.00
$2,688.00/mo
Valuation Metrics
0
DSCR
3.67%
Cap Rate
3.67%
ROI
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