166,111 SF Apartment For Sale — $2,990,000 — 5807 SW 25th St, West Park – #83180

Executive Summary
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 $204,321 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.

Allowed by right

Office / flex space, Commercial - pedestrian-scale retail, restaurant, and service uses, Hotel, Residential - mid-rise units, garden apartments, townhouses, single-family, Institutional, Industrial (only on parcels zoned M-1/M-2/C-1 before Ord. 2019-04)