Multifamily 9 Apts + 2 Commercial Spaces
Wilton Manors, FL
Multi-family for Sale - $4,100,000
Property Info
CIMLS# | 1130667 |
Location Multifamily 9 Apts + 2 Commercial Spaces Wilton Manors FL 33305 | |
Updated | August 8th, 2022 |
Type | Multi-family |
Price | $4,100,000 |
Property Description
Desirable location, investment property fronting high traffic. The property consists of apartments and commercial spaces. The first commercial space has great frontage and space for outdoor tables. The second space has been recently renovated. Property 100% occupied. All apartments have impact windows and recently spent $50,000 for roof maintenance. The property is zoned mixed use. Zoned for offices, guest house, retail, hotel, restaurant, bar, lounge, etc. Rents are lower than the market giving this highly desirable property excellent upside potential. The owner pays for water and tenants pay for their own electricity. Laundry on-site. The investment is located in a very trendy area, within walking distance to restaurants, bars, shopping, grocery stores, etc. Very close to I-95 and Oakland Park Boulevard. Centrally located in downtown Wilton Manors.
Financials
Cap Rate: 5.73%