Two-Unit
5631 SW 27th St, West Park, FL 33023
For Sale
$590,000
The residences have separate entrances and three-bedroom and two-bedroom layouts.
Property Size2,002 SF
Price / SF$294.71
Days on Market172
Property Features for 5631 SW 27th St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Beachfront Realty Inc
Listed By:
Maytal Brosh · License #3267851
(305) 370-9365
Source:
Diannalantiguarealty
Added: May 19
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beachfront Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1965, this duplex contains two residences: one with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. Each residence has a separate entrance. The property also includes parking and outdoor space.
The property is in West Park, near highways, shopping, dining, and schools.
The property is in West Park, near highways, shopping, dining, and schools.
Key Highlights
- Two residences: one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
- Separate entrances for each residence
- On‑site parking and outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,373
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,460
$667.5K
Cap Rate 7%
$476,757
$476.8K
Cap Rate 9%
$370,811
$370.8K
Market Conditions
NOI Build-Up for 2,002 SF
Gross rent
$50.5K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$47.7K $23.81/SF
− OpEx
−$14.3K −$7.14/SF
NOI
$33.4K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,460
Cap Rate 7%
$476,757
Cap Rate 9%
$370,811
Alternative Uses
Best Use
Multifamily LT 5
$476.8K
$417.2K – $556.2K
NOI $33,373 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$439.8K
$384.9K – $513.2K
NOI $30,789 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.02M
$888.7K – $1.18M
NOI $71,099 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,954
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Broward County, FL
Properties on Market for Duplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The residences have separate entrances and three-bedroom and two-bedroom layouts.
Where is this duplex located?
The property is located at 5631 SW 27th St West Park, FL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Two residences: one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit; Separate entrances for each residence; On‑site parking and outdoor space
