5807 SW 25th St 1-18,West Park, FL 33023
West Park, FL 33023
Description
We are pleased to present 5807 SW 25th St, a prime 18-unit multifamily gem located in West Park, just minutes from Hollywood and Hallandale, off of 441. This renovated property consists of 17 studio/1 bath units and one 1 bed/1 bath unit, offering modern updates throughout. Most units feature new flooring, sleek full kitchens, stylish bathrooms, and recessed lighting. The property also provides ample parking and a backyard seating area for tenant enjoyment. Additional income from onsite coin laundry machines. With a new roof installed just a year ago, this turnkey property is currently fully occupied, generating a strong NOI of $204,000 annually! Offering a 6.83% Cap rate in place, this property has even more upside with the potential to increase returns by adjusting rents to market rates.
Details
| MLS # | A11977304 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 169 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Elior Levi |
Features
| SQ Feet | 5,718 |
|---|---|
| Story(s) | 1 |
| Units | 18 |
| Building(s) | 1 |
| Zoning | TOC |
| Acreage | 12754.00 |
Parking
| Parking Features | Common |
|---|
Taxes
| Tax Annual Amount | 39452 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | West Park |
| Zip Code | 33023 |
| Area | 3190 |
| Listing VS Median (in 33023) | |
Price: $2,990,000 low | high Med: $236,750 sqft: 5,718 low | high Med: 871 $ / sqft: $523 low | high Med: $272 On site: 169 low | high Med: 161.5 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | West Park |
| Zip Code | 33023 |
| Area | 3190 |
| Listing VS Median (in 33023) | |
Price: $2,990,000 low | high Med: $236,750 sqft: 5,718 low | high Med: 871 $ / sqft: $523 low | high Med: $272 On site: 169 low | high Med: 161.5 | |
