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West Park Apartments 5807 SW 25th St 18 Unit Apartment Building $2,990,000 ($166,111/Unit) 6.83% Cap Rate West Park, FL 33023
Investment Highlights
- 18-Unit Multifamily Investment – Consists of 17 studio units and 1 one-bedroom unit in a strong rental market.
- Strong In-Place Returns – $234,000 NOI with a 7.32% cap rate at current operations.
- Additional Income Stream – Onsite coin laundry machines provide supplemental revenue.
- Renovated Units – Many units feature new flooring, modern kitchens, updated bathrooms, and recessed lighting.
- Fully Occupied Asset – Stabilized property with consistent rental income and tenant demand.
- Turnkey Investment – New roof installed last year, plus ample parking and outdoor seating area for tenants.
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 $204,000 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.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$362,520
|
$63.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$362,520
|
$63.40
|
| Taxes |
$41,102
|
$7.19
|
| Operating Expenses |
$111,399
|
$19.48
|
| Total Expenses |
$152,501
|
$26.67
|
| Net Operating Income |
$210,019
|
$36.73
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $362,520 |
| Annual Per SF | $63.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $362,520 |
| Annual Per SF | $63.40 |
| Taxes | |
|---|---|
| Annual | $41,102 |
| Annual Per SF | $7.19 |
| Operating Expenses | |
|---|---|
| Annual | $111,399 |
| Annual Per SF | $19.48 |
| Total Expenses | |
|---|---|
| Annual | $152,501 |
| Annual Per SF | $26.67 |
| Net Operating Income | |
|---|---|
| Annual | $210,019 |
| Annual Per SF | $36.73 |
Property Facts
| Price | $2,990,000 | Building Class | C |
| Price Per Unit | $166,111 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 5,718 SF |
| Cap Rate | 6.83% | Average Occupancy | 83% |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | TOC - Industrial / Commercial | ||
| Price | $2,990,000 |
| Price Per Unit | $166,111 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 5,718 SF |
| Average Occupancy | 83% |
| No. Stories | 1 |
| Year Built | 1956 |
| Opportunity Zone |
Yes |
| Zoning | TOC - Industrial / Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Pantry
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | $1,695 | 320 - 350 |
| 1+1 | 1 | $1,895 | 500 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 51-41-24-03-1940 | Total Assessment | $1,483,590 |
| Land Assessment | $0 | Annual Taxes | $41,102 ($7.19/SF) |
| Improvements Assessment | $0 | Tax Year | 2026 |
Property Taxes
Parcel Number
51-41-24-03-1940
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,483,590
Annual Taxes
$41,102 ($7.19/SF)
Tax Year
2026
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West Park Apartments | 5807 SW 25th St
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