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5511 SW 20th Street, West Park FL 33023

Commercial Recently Sold
$1,300,000

BTC: 22.22222222

ETH: 815.20546313

Sold on: 2022-03-03
46 days
0 room(s)

Overview

Over $180,000 in renovations just completed 12/2021. Permitted from ground up. Designer finishes throughout. Located on quiet street with huge oversize lot & beautiful courtyard setting. Complete turn-key revenue generator with an ideal unit mix. 8-units with (4) 1 bed / 1 baths & (4) 2 bed / 1 baths. New electric & new electric panels. Brand new bathrooms including vanities, sinks, faucets & shower diverters. New interior doors, baseboards & crown molding. All new lights & fans, white shaker kitchen cabinets, quartz countertops plus new vinyl plank flooring throughout. Brand new stainless steel appliances. Pro-forma NOI of $95,722 & 7.36% cap rate. Strong investment opportunity in an incredible location fifteen minutes west of Hallandale Beach, centrally located between Hollywood and North Miami Beach. Exterior features include new sprinkler system, landscaping, paint, stucco and driveway. No deferred maintenance and limited capital expenditures. Income generating laundry room added. Contact Thomas for more details. Schedule access today through 'Showing Time' link.

Location

Florida • West Park • 33023 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
Assigned / Guest
Year Built:
1960
Lot:
0.33 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,974,500
$1.7M – $4.8M
Confidence Low
List vs. estimate
$1.6M below estimate
List $1,375,000 · -53.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$17,871
2020
All facts and features

  • Flooring

    • Tile

    Cooling

    • Central Individual A/C

  • Parking

    • Assigned

    • Guest

    Lot

    • Lot: 0.33 Acres

    Other Property Information

    • Parcel Number: 514219022460

    • Zoning: R-1C

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $17,871

  • Source details

    • MLS ID: F10310770

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Fenced

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33023
100
median $532K
Active
Same city
West Park
29
median $509K
Active
Same type
Commercial
3
median $999K
Active
Similar price
$962K – $1.8M
2
median $1.4M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Sunbelt Investment Properties