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$1,750,000
Est. payment /mo
3,416 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,416 sqft
Price per Sqft $512
MLS Listing ID A11790660
HOA Y/N No
Year Built 1957
Annual Tax Amount $21,216
Lot Size 0.354 Acres
Property Sub-Type Multi Family
Property Description
Stabilized 8-unit multifamily property in West Park, FL features a well-balanced unit mix of (2) two-bedroom units and (6) one-bedroom units across a 3,416 SF building. The property sits on a large 15,417 SF double lot — with the second lot currently serving as additional parking but zoned for potential residential development. With a current NOI based on 2024 rents of $111,845 and proforma rents projected at $151,200, there is ample room to increase income through strategic leasing. Recent ownership invested over $30,000 in unit improvements in 2024. All units are individually metered, and the property maintains 100% occupancy. Offered at $1,750,000, this investment presents a compelling blend of yield, stability, and future upside.
Location
State FL
County Broward
Area 3080
Exterior
Private Pool Yes
Others
Tax ID 514219012770
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11790660
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Listed by Compass Florida, LLC