FL > West Park
West Park, FL 33023,5807 SW 25th St
West Park, FL 33023,5807 SW 25th St
West Park, FL 33023,5807 SW 25th St
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Milton Knight, CRS

Milton Knight, CRS

+1(786) 917-3337
$3,200,000
Est. payment /mo
5,718 SqFt
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UPDATED:

09/30/2024 08:32 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,718 sqft

Price per Sqft $559

MLS Listing ID A11662862

HOA Y/N No

Year Built 1955

Annual Tax Amount $32,617

Tax Year 2023

Lot Size 0.293 Acres

Property 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.

Location

State FL

County Broward

Area 3090

Interior

Heating Window Unit, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Other, Tile

Exterior

Waterfront No

Roof Type Built-Up

Parking Type Common

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Others

Tax ID 514124031940

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

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Listed by Fausto Commercial Realty Consultants Inc

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Milton Knight, CRS

+1(786) 917-3337

Principal Real Estate Broker | License ID: 0663675

Principal Real Estate Broker License ID: 0663675

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