2401 NW 9th Ave # 8 #1-8

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2401 NW 9th Ave # 8 #1-8

Wilton Manors, FL 33311
Asking Price
$2.00M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Wilton Manors
  • Total asking price set at one million nine hundred ninety-nine thousand
  • Property situated in a dense and growing Florida submarket
  • Asset type suitable for long-term residential investment strategies
  • Conveniently located within the greater Fort Lauderdale metropolitan area

What's Special

This multifamily property in Wilton Manors, Florida, presents a compelling acquisition for investors seeking a foothold in a vibrant Broward County submarket. Comprising an apartment building located at 2401 NW 9th Ave, the asset occupies a strategic position within the greater Fort Lauderdale metropolitan area. Wilton Manors remains a highly desirable enclave characterized by its dense population and strong rental demand, supported by proximity to major regional employment hubs and transportation corridors. The residential nature of the site supports consistent occupancy potential for an owner looking to manage a multi-unit investment. With its current market positioning, the building functions as an efficient addition to a diverse real estate portfolio. Prospective buyers will find this asset well-suited for long-term hold strategies in an area known for sustained residential growth and urban density. The property offers direct access to local thoroughfares, ensuring connectivity for residents while maintaining the residential appeal consistent with this Florida municipality.

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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.45%
Monthly Payment
$9,889.961
Annual Cash Flow
$-38,679.536

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