33 Allen Rd West Park, FL 33023
This exceptional investment opportunity presents a portfolio of 26 single-family rental homes in desirable Broward County, Florida. Boasting 100% occupancy and a substantial Net Operating Income (NOI) of $578,500, this Class B portfolio offers a compelling 5.26% cap rate on an asking price of $11,003,000. The properties, totaling 35,502 square feet, average a price per unit of $423,192.31 and a price per square foot of $309.93. Strategically located across multiple cities within Broward County, including West Park, Hollywood, Fort Lauderdale, Miramar, and Lauderhill, these properties are situated in areas with high demand for single-family rentals. The portfolio presents a significant value-add opportunity through renovations and upgrades, promising increased rental income and substantial returns. While market risks inherent in real estate investment exist, the potential for growth and strong current performance make this a highly attractive proposition for investors seeking a stable, yet growth-oriented investment in the Florida market. The properties are zoned for residential use. Financial projections indicate a strong potential for annual returns in the 10-12% range, driven by rental income, cash flow, and property appreciation. This portfolio offers a unique blend of immediate income and long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.