Multifamily Property with Central
5906-08 SW 27th St, West Park, FL 33023
For Sale
$879,000
The property includes ceiling fans and was built in 2022.
Property Size3,338 SF
Price / SF$351.18
Days on Market90
Property Features for 5906-08 SW 27th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Central Air, Ceiling Fan(s)
Central
Building Details
Building Size
Year Built
Stories
Listing Agency:
Compass Florida LLC
Listed By:
Suresh Chiatar · License #0683629
(954) 294-4539
Source:
Evrealestate
Added: Aug 12
Changed: Nov 7
Last Checked: Nov 8 at 6:25AM
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 Compass Florida LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 2,503 square feet and was built in 2022. Interior features include central air and ceiling fans. The property is zoned TOC and is located in West Park, Broward County.
Key Highlights
- 2,503‑square‑foot multifamily property
- Built in 2022
- Central air and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,247
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,940
$764.9K
Cap Rate 7%
$546,386
$546.4K
Cap Rate 9%
$424,967
$425.0K
Market Conditions
NOI Build-Up for 2,503 SF
Gross rent
$73.6K $29.40/SF
− Vacancy
−$4.0K −$1.62/SF
EGI
$69.5K $27.78/SF
− OpEx
−$31.3K −$12.50/SF
NOI
$38.2K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,940
Cap Rate 7%
$546,386
Cap Rate 9%
$424,967
Alternative Uses
Best Use
Apartment 5plus
$546.4K
$478.1K – $637.5K
NOI $38,247 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,891 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
$344,500
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Broward County, FL
Properties on Market for Multifamily properties in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property includes ceiling fans and was built in 2022.
Where is this multifamily property located?
The property is located at 5906-08 SW 27th St West Park, FL.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 2,503‑square‑foot multifamily property; Built in 2022; Central air and ceiling fans
