West Park Apartments 5807 SW 25th St 18 Unit Apartment Building $4,146,801 CAD ($230,378 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$519,418
|
$90.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$519,418
|
$90.84
|
| Taxes |
$74,892
|
$13.10
|
| Operating Expenses |
$85,571
|
$14.97
|
| Total Expenses |
$160,463
|
$28.06
|
| Net Operating Income |
$358,955
|
$62.78
|
PROPERTY FACTS
| Price | $4,146,801 CAD |
| Price Per Unit | $230,378 CAD |
| 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 | $2,351 CAD | 320 - 350 |
| 1+1 | 1 | $2,628 CAD | 420 |
1 of 1
PROPERTY TAXES
| Parcel Number | 51-41-24-03-1940 | Total Assessment | $1,872,563 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $74,892 CAD ($13.10 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2023 |
