5807 SW 25th St # 18, West Park FL 33023
West Park, FL 33023
$2,990,000
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- Price
- $2,990,000
- Building size
- 5,718
- Property type
- Income/MultiFamily
- Year built
- 1955
- Lot size (sq ft)
- 12,754
- MLS number
- A11977304
This listing is courtesy of Fausto Commercial Realty Consultants Inc, 786-748-7373.
About this property
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
- Property type
- Income/MultiFamily
- Year built
- 1955
- Lot size (sq ft)
- 12,754
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC