For Sale
5807 25th St, West Park, Florida 33023
$2,990,000
We are pleased to present 5807 SW 25th St, a prime 17-unit multifamily gem located in West Park, just minutes from Hollywood and Hallandale, off of 441. This renovated property consists of 16 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 $234,000 annually! Offering a 7.32% Cap rate in place, this property has even more upside with the potential to increase returns by adjusting rents to market rates.
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Details
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Property Type: Commercial
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Property SubType: Multi Family
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Listing Type: For Sale
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Listing ID: A11662862
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Price: $2,990,000
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View: Intercoastal,ocean,pool
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Bedrooms: 0
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Bathrooms: 0
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Half Bathrooms: 0
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Square Footage: 0 Sqft
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Year Built: 1955
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Status: Active
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Original Property Type: Commercial Sale
Features
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Heating System : Wall Furnace, Window Unit
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Cooling System : Wall/window Unit(s)
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Roof Deck : Built-up
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Flooring : Tile, Other
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Parking : Common
Location
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Country US
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State FL
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County Broward
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City West Park
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Zipcode 33023
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Neighborhood: West Park
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Street: 25th St
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Street Number: 5807
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Floor Number: 0
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Longitude: W81° 42' 37.5''
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Latitude: N25° 44' 51''
Additional Info
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Stories: 1
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UnBranded Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11662862
