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.


Property

Website:https://www.nestseekers.com/5649526
Address:
Apt: 118
West Park, FL 33023
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.3 Acres

Financials

Price:$2,990,000
Annual Taxes:$39,452

Description

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.

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Fausto Commercial Realty Consultants Inc

West Park FL 33023 USA