224 SE 9th Ct - Apartments FOR SALE


Hallandale, FL 33009
$879,000 USD
954-923-2325
224 SE 9th Ct, Hallandale, FL for Sale
$879,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

224 SE 9th Ct
Hallandale, FL 33009


HIGHLIGHTS

  • Located in the Central RAC zoning district, allowing major redevelopment potential for up to 12 residential units
  • Positioned within Hallandale Beach’s Southeastern Core Corridor, an area undergoing significant mixed-use development
  • Situated on a 9,903 SF lot with a building size of 2,420 SF, originally constructed in 1953
  • Offers strong proximity to major redevelopment trends and population growth within Hallandale Beach, enhancing long-term investment appeal

OVERVIEW

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. Key Features of the Property: Current Configuration: 3 studio units 1 one-bedroom, one-bath apartment Tenant Status: 2 units are on month-to-month leases Units #1 and #3 have one-year leases that started in October and December 2024 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.

FOR SALE DETAILS

PRICE

$879,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

4

PRICE/UNIT

$219,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,903 SF

ZONING

Central RAC

APN/PARCEL ID

51-42-27-14-0920

ASK ABOUT THIS PROPERTY

Peter DackoMedia RealtyMore Info
954-923-2325

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Peter DackoMedia RealtyMore Info
954-923-2325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.