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Property profile & analytics
OFF-MARKET
Residential income homes

33 Allen Rd West Park, FL 33023

35,502 SF
Property ID
US18-9972482
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Total area 35,502 SF
UPID US18-9972482
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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