5807 SOUTH WEST 25TH ST, West Park
$2,990,000 USD
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| Address | 5807 SOUTH WEST 25TH ST, West Park |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments |
| Price | $2,990,000 |
| Previous Price | $3,200,000 (17 days ago) |
| Property Status | Active |
| MLS Number | A11662862 |
| Property Size | 12754 |
| Lot Size | 12754 |
| Year Built | 1955 |
| Folio Number | 514124031940 |
| Zoning Information | TOC |
| Days on Market | 409 |
Detailed 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.
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Address Information
| State | Florida |
| City | West Park |
| County | Broward County |
| Zip Code | 33023 |
| Address | 5807 SOUTH WEST 25TH ST |
| Section | 24 |
| Zip Code (4 Digits) | 4049 |
Financial Information
| Price | $2,990,000 |
| Price per Foot | $0 |
| Previous Price | $3,200,000 |
| Folio Number | 514124031940 |
| Tax Amount | $32,617 |
| Tax Year | 2023 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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. |
| Roof Description | Built-Up |
| Floor Description | Other, Tile |
| Cooling Description | Wall / Window Unit (s) |
| Heating Description | Wall / Window Units |
| Water Description | Public |
| Sewer Description | Public Sanitation |
| Parking Description | Shared Parking |
Property parameters
| Living Area | 12754 |
| Lot Size | 12754 |
| Total Acreage | 0.000 |
| Zoning Information | TOC |
| Maximum Leasable Size | 12754 |
| Year Built | 1955 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments |
| Construction Type | Concrete Block Construction |
| Stories Number | 1 |
| Street Direction | South West |
| Listed with | Fausto Commercial Realty Consultants Inc |