DeborahBloomfield, REALTOR
MLS#A11977304
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
We are pleased to present 5807 SW 25th St, a prime 18-unit multifamily gem located in West Park, just minutes from Hollywood and Hallandale, off of 441. This renovated property consists of 17 studio/1 bath units and one 1 bed/1 bath unit, offering modern updates throughout. Most units feature new flooring, sleek full kitchens, stylish bathrooms, and recessed lighting. The property also provides ample parking and a backyard seating area for tenant enjoyment. Additional income from onsite coin laundry machines. With a new roof installed just a year ago, this turnkey property is currently fully occupied, generating a strong NOI of $204,000 annually! Offering a 6.83% Cap rate in place, this property has even more upside with the potential to increase returns by adjusting rents to market rates.
Property Features
Property Type: Commercial - Business
Cooling: Wall/Window Unit(s)
Heating: Wall/Window Units
Lot Size: 0.29 Acres
Roof Type: Built-Up
Stories: 1.0
Taxes: $39,452
Year Built: 1955
Feature Descriptions
Crops Included Y/N: No
Days on Site: 221
Exterior: Concrete Block Construction
Flooring: Other, Tile
Home Warranty Y/N: No
Lease Considered Y/N: Yes
Lease Terms: 1 To 3 Year Lease
Listing Terms: All Cash, Conventional/Refinance
Parcel#: 514124031940
Parking: Shared Parking
Parking Notes: Shared Parking
Property Attached Y/N: No
Property Sub-Type: Income/MultiFamily
Sewer: Public Sanitation
Water: Public
Listed By / Shown By
Listed By
Agency Name: Fausto Commercial Realty Consultants Inc
Agency Phone: 786-748-7373
Shown By
Agent Name: Deborah Bloomfield, REALTOR
Agent Phone: (917) 952-7994
Agency Title: Realty 100
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5807 SW 25th St, Unit 1-18 | MLS# A11977304
This commercial property located at 5807 SW 25th St, Unit 1-18, West Park, FL 33023 is currently listed for sale with an asking price of $2,990,000. Search West Park real estate on dbloomfield.realty100.com today.