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West Park Apartments 5807 SW 25th St 18 Unit Apartment Building $2,990,000 ($166,111/Unit) 8.01% Cap Rate West Park, FL 33023
Investment Highlights
- Unit Mix: 17 Units are Large Studios and 1 Unit is a 1 Bed/1 Bath
- Mostly Renovated and Includes New Roof, New Flooring/Kitchen/Bathrooms, Revamped Parking Lot and Coin Laundry Room
- Seller Financing Available at attractive terms!
- Plenty of Parking Spaces (21 Spaces)
- Turnkey Investment with a Going-in Cap Rate of 8% ($240K NOI)!
Executive Summary
Seller financing available at attractive terms! 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 441. This fully 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 kitchens, stylish bathrooms, and recessed lighting. The property also provides ample parking and a backyard seating area for tenant enjoyment. Additional income is generated 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 8% going in cap rate! This property has even more upside with the potential to increase returns by adjusting rents to market rates.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$374,520
|
$65.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$374,520
|
$65.50
|
| Taxes |
$54,000
|
$9.44
|
| Operating Expenses |
$61,700
|
$10.79
|
| Total Expenses |
$115,700
|
$20.23
|
| Net Operating Income |
$258,820
|
$45.26
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $374,520 |
| Annual Per SF | $65.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $374,520 |
| Annual Per SF | $65.50 |
| Taxes | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $9.44 |
| Operating Expenses | |
|---|---|
| Annual | $61,700 |
| Annual Per SF | $10.79 |
| Total Expenses | |
|---|---|
| Annual | $115,700 |
| Annual Per SF | $20.23 |
| Net Operating Income | |
|---|---|
| Annual | $258,820 |
| Annual Per SF | $45.26 |
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 | 8.01% | 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 | 8.01% |
| 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | $1,695 | 320 - 350 |
| 1+1 | 1 | $1,895 | 420 |
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 51-41-24-03-1940 | Total Assessment | $1,483,590 (2026) |
| Land Assessment | $0 (2026) | Annual Taxes | $54,000 ($9.44/SF) |
| Improvements Assessment | $0 (2026) | Tax Year | 2023 |
Property Taxes
Parcel Number
51-41-24-03-1940
Land Assessment
$0 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$1,483,590 (2026)
Annual Taxes
$54,000 ($9.44/SF)
Tax Year
2023
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West Park Apartments | 5807 SW 25th St
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