5807 SW 25th St - Apartments FOR SALE


West Park, FL 33023
$2,990,000 USD
954-743-7594
5807 SW 25th St, West Park, FL for Sale
$2,990,000 USD
Apartments - FOR SALE
1/26
null | 8.01% Cap Rate

5807 SW 25th St
West Park, FL 33023


HIGHLIGHTS

  • Unit Mix: 17 Units are Large Studios and 1 Unit is a 1 Bed/1 Bath
  • Plenty of Parking Spaces (21 Spaces)
  • Mostly Renovated and Includes New Roof, New Flooring/Kitchen/Bathrooms, Revamped Parking Lot and Coin Laundry Room
  • Turnkey Investment with a Going-in Cap Rate of 8% ($240K NOI)!
  • Seller Financing Available at attractive terms!

OVERVIEW

Seller financing available at attractive terms! 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 441. This fully 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 kitchens, stylish bathrooms, and recessed lighting. The property also provides ample parking and a backyard seating area for tenant enjoyment. Additional income is generated 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 8% going in cap rate! This property has even more upside with the potential to increase returns by adjusting rents to market rates.

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$523 USD /SF

# OF UNITS

18

PRICE/UNIT

$166,111

CAP RATE

8.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,751 SF

ZONING

TOC

APN/PARCEL ID

51-41-24-03-1940

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.