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$3,200,000
Est. payment /mo
5,718 SqFt
UPDATED:
12/17/2024 07:36 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
Roof Type Built-Up
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