Well-Maintained Eight-Unit Apartment
2401 NW 9th Ave # 8 #1-8 Wilton Manors, FL 33311
2401 NW 9th Ave # 8 #1-8, Wilton Manors, FL, 33311
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For Sale
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Eight-unit apartment building with strong cash flow in desirable location.
Property Size5,742 SF
Price / SF$348.14
Days on Market67
Property Features for 2401 NW 9th Ave # 8 #1-8
General Information
- Standard status
- Active
- Size
- 5,742 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing Agency
Compass Florida, LLC
(954) 263-5234
Listed by
Joseph Iaciofano · License #3286424
Source
Crexi
Added: May 12 Checked: Jul 17 at 5:11 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
Investment Insights
Based on property information with market context.
This well-maintained, two-story apartment building features six two-bedroom apartments and two one-bedroom apartments. The property is situated in a highly desirable rental area and offers strong cash flow. The building contains a total of 5742 square feet. It presents an outstanding opportunity for investors seeking a stable income-producing asset.
Key Highlights
- Strong cash flow
- Highly desirable rental area
- Well‑maintained building with excellent upkeep
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.1k | $29.28 |
| − Vacancy | −$7.6k | −$1.32 |
| EGI | $160.6k | $27.96 |
| − OpEx | −$72.3k | −$12.58 |
| NOI | $88.3k | $15.38 |
5,742 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,308 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,921 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight-unit apartment building with strong cash flow in desirable location.
Where is this apartment building located?
The property is located at 2401 NW 9th Ave # 8 #1-8 Wilton Manors, FL.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Strong cash flow; Highly desirable rental area; Well‑maintained building with excellent upkeep
