Make an Offer
5975 W Sunrise Blvd
Out Of Market
Recommend
Out Of Market
2
Home61's Closings in
Sunrise
Amenities
Key features
Living area
N/A
Lot size
N/A
Tax
$ 77,419
$ /sqft
-
Half Bath/WC
-
Parking Space
0
Building
-
On market
1062 days
$ /sqft
-
Type
other
Year Built
1977
Unit
-
Zip Code
33313
Ref./MLS ID
A11046877
DESCRIPTION
The building currently has a few month to month tenants and is functional with active certificate of occupancies. The subject property is a valueadd opportunity with two paths. Renovating this office building in its current form. The recommended upgrades included paint both interior and exterior, new flooring, new roof, and new landscaping. The estimated costs of these renovations along with the new roof is $300,000. After stabilization based on current market rents in the area ($22 a sf net), this property is projected to net $954,368 per year. Which will provide a strong 18% proforma capitalization rate. The second scenario would be to convert this existing building to a 100 unit, 126 bed licensed assisted living facility. Full city approvals to do this conversion.
Data is provided by Miami Board of Realtors.
Public transportation
Cypress Creek
99 mins
Fort Lauderdale
99 mins
Fort Lauderdale/Hollywood International Airport at Dania Beach
118 mins
Hollywood
122 mins
Nearby School In Sunrise
Data Provided by greatschools.org
Neighborhood
Sunrise
- Sunrise
Listed on May 24, 2021 by John DeMarco from RE/MAX 5 Star Realty, this other is for sale. other for sale in Sunrise listed at $4,999,000, Reference A11046877
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial 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.
The multiple listing information is provided by Miami Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Miami Board of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, non-commercial 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.