5807 SW 25th St, West Park FL 33023

5807 25th St, West Park, FL, 33023
$2,990,000

Basics

Date added Added 1 week ago Category Type Status
Lot size, sq ft 12754 sq ft Year built 1955 LeaseTerm 1 To 3 Year Lease ListOfficeName Fausto Commercial Realty Consultants Inc
ListAOR Miami Association of REALTORS® MLS ID A11662862

Description

  • Description:

    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.

Location

  • CountyOrParish: Broward County

Building Details

  • Cooling features: Wall/Window Unit(s)
  • NewConstructionYN: No
  • Heating: Wall/Window Units
  • Roof:
  • Parking:

Amenities & Features

  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: Yes
  • PoolPrivateYN: No
  • FireplaceYN: No

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