128 Se 2nd Ter, Hallandale Beach, FL 33009

$550,000
1,536
SqFt
List Price
$550,000
Price Change
▲ $101,000 1637832150
MLS#
A11089592
Status
ACTIVE
Type
Multifamily
Living Area
1,536

Property Description

INCREDIBLE OPOORTUNITY to BUY a DUPLEX FOR ONLY $550,000, ONE OF THE BEST LOCATIONS IN HALLANDALE BEACH, THIS PROPERTY is situated in a LAND of 6,246 sf - GREAT SIZE.!!!!! Building Size: 1,536 sf. GREAT LOCATION AND GREAT EXPOSURE.!!!! Apt. #1: (1Be/1Ba) = $1,300.00 Apt. #2: (1Be/1Ba) = $1,350.00 Total Income: =$2,650.00/month Yearly Income: =$31,800.00/year EXPENSES: Property Taxes 2021 = $4,419.59 Water/Sewer/Trash =$1,800.00 Total Expenses: =$6,219.59/year Net Operating Income =$25,580.41/year REDUCED SELLING PRICE: $550,000.00 CAP RETURN: 4.65% - POTENTIAL TO INCREASE FOR 6.72% CAP RETURN, MARKET RENTS COULD BE $1.800 TO $2,000 PER APARTMENT, RENTS ARE UNDER MARKET VALUE. AS PER OWNER: NEW ROOF, NEW WINDOWS, UPDATES BATHS AND KITCHENS.

Additional Information

Style
Duplex
Lot Description
Less Than 1/4 Acre Lot
#Parking Spaces
5
Year Built
1957
Development Name
Tatem Woffords Sub
Office Name
The Keyes Company
#Stories
1
Construction Type
CBS Construction
Section
27

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of The Keyes Company.