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    5807 25 St West Park, FL 33023

    For Sale
    $3,200,000

    17-Unit Stabilized Multifamily in Florida

    Property size:
    5,718 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 17-unit multifamily property, located at 5807 SW 25th St in West Park, Florida, presents a compelling investment opportunity. The property, built in 1955, boasts a total of 5,718 square feet and sits on a single-story building. Currently operating at 100% occupancy, this stabilized investment generates a strong net operating income (NOI) of $234,243 annually, representing a 7.32% cap rate. A pro-forma NOI of $258,820 projects an 8.09% cap rate, indicating significant upside potential through market rent adjustments. The property comprises 16 studio/1-bath units and one 1-bedroom/1-bath unit, all featuring modern updates including new flooring, updated kitchens and bathrooms, and recessed lighting. Additional income streams are generated from on-site coin-operated laundry facilities. Ample parking and a backyard seating area enhance tenant appeal. The property benefits from a recently installed roof (within the last year) and is zoned TOC. Priced at $3,200,000, this represents a price per unit of $188,235.29. Its convenient location, minutes from Hollywood and Hallandale Beach, off of Highway 441, ensures strong tenant demand and long-term value appreciation. This turnkey property offers immediate cash flow and a clear path to increased profitability.

    Property Features for 5807 25 St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,718 SF
    Class
    C

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1
    Units
    17
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Park
    County
    Broward
    State
    Florida
    Longitude
    -80.2030995
    Latitude
    25.9880961

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    FAQs

    What type of property is this?
    Multifamily property - 17-Unit Stabilized Multifamily in Florida
    Where is this multifamily property located?
    The property is located at 5807 25 St West Park, FL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    (954) 743-7594
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    5807 25 St West Park, FL 33023
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    West Park, FL 33023
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5807 25 St West Park, FL 33023
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