Commercial property in West Park, Florida № 2188497

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.