5807 SW 25th St # 18, West Park FL 33023

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.

Property Details

Property Type

Income/MultiFamily

Status

Active

MLS #

A11977304

Building Area

5,718 SF

Lot Size

12,754 SF

Year Built

1955

Zoning

TOC

Days on Market

120

Price

$2,990,000