5807 25 St West Park, FL 33023
- Commercial real estate
- 5,718 SF
Current Use by Public Records
- Commercial real estate
Property Details for 5807 25 St
- Year built
- 1955
- Property size
- 5,718 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Park
- County
- Broward
- State
- Florida
- Longitude
- -80.2030995
- Latitude
- 25.9880961
