Basics
Date added Added 1 week ago | Category Income/MultiFamily | Type Commercial Sale | Status Active |
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
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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: Built-up
- Parking: Shared Parking
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11662862
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: Yes
- PoolPrivateYN: No
- FireplaceYN: No