Photo 2 of Income/MultiFamily Listing For Sale at 5807 SW 25th St, West Park FL 33023
Photo of Miami Association of Realtors MLS Income/MultiFamily Listing For Sale at 5807 SW 25th St, West Park FL 33023. To purchase this Income/MultiFamily or search for any other homes for sale in MIami FL and the surrounding areas contact one of our MIami REALTORS at miamirealestate.agency
| Price | $2,990,000.00 |
| Listing ID | A11662862 |
| Status | For Sale |
| Address Map |
5807 SW 25th St, West Park FL 33023 |
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Description
We are pleased to present 5807 SW 25th St, a prime 17-unit multifamily gem located in West Park, just minutes from Hollywood and Hallandale, off of 441. This renovated property consists of 16 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 $234,000 annually! Offering a 7.32% Cap rate in place, this property has even more upside with the potential to increase returns by adjusting rents to market rates.