2731 NE 1st Ter
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2731 NE 1st Ter
4 Unit Apartment Building $1,300,000 ($325,000/Unit) 5.97% Cap Rate Wilton Manors, FL 33334
Investment Highlights
- Great investment opportunity!
- Central A/C in all Units!
- Private beautiful pool
Executive Summary
Great Investment Opportunity in Wilton Manors complex. 3/2.5 main house (currently rented as a 2/1.5 & non rented Studio apartment) Back of property has a beautiful pool area and 3 large 1/1 apartments with walk-in-closets. All units have central a/c and private back areas. Laundry room in courtyard. Plenty of parking available. DO NOT DISTURB TENANTS! All units are currently rented, except 1/1 attached to the main home. Rents are very below market value. No sign on property. This is a great opportunity to live in East Wilton Manors and have the rental income help pay your mortgage! This very unique property can be AIRNB daily or rent annually as well! All in heart of WILTON MANORS.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$118,800
|
$30.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$118,800
|
$30.40
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$42,330
|
$10.83
|
| Net Operating Income |
$76,470
|
$19.57
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $118,800 |
| Annual Per SF | $30.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $118,800 |
| Annual Per SF | $30.40 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $42,330 |
| Annual Per SF | $10.83 |
| Net Operating Income | |
|---|---|
| Annual | $76,470 |
| Annual Per SF | $19.57 |
Property Facts
| Price | $1,300,000 | Property Subtype | Apartment |
| Price Per Unit | $325,000 | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.97% | Building Size | 3,908 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1957 |
| Price | $1,300,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.30 AC |
| Building Size | 3,908 SF |
| No. Stories | 1 |
| Year Built | 1957 |
Unit Amenities
- Air Conditioning
- Walk-In Closets
- Yard
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,750 | 977 |
| 2+1.5 | 1 | $2,400 | 1,600 |
Walk Score ®
Very Walkable (79)
zoning
| Zoning Code | RM-16 (provides primarily for low-medium density residential uses,) |
| RM-16 (provides primarily for low-medium density residential uses,) |
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2731 NE 1st Ter
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