Apartment Building with
New
For Sale
$1,399,000
2731 NE 1ST Terrace # 4 Unit 1-4, Wilton Manors, FL 33334
A detached three-bedroom home and four one-bedroom residences make up the rental mix.
Property Size3,886 SF
Days on Market6
Property Features for 2731 NE 1ST Terrace # 4 Unit 1-4
General Information
Standard status
Active
Size
3,886 SF
Property subtype
Quadruplex
Units
Unit Mix
1 x 3BR/2BA, 4 x 1BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$18,667
Amenities
swimming pool
on-site washer/dryer
private patio
ample parking
Building Details
Building Size
3,886 SF
Year Built
1956
Listing Agency:
Keller Williams Realty Boca Ra
Listed By:
Julian Simon Soffer · License #3321089
(561) 886-8486
Source:
Relinkre
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:32PM
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 Keller Williams Realty Boca Ra
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Investment Insights
Based on property information with market context.
This five-unit apartment property in Wilton Manors pairs a single-family home with four additional residences. The house has 3 bedrooms, 2 bathrooms, and approximately 2,200 square feet; each of the four other units has 1 bedroom, 1 bathroom, and a private patio. A swimming pool and on-site washer and dryer are also part of the property, which was built in 1956.
Wilton Drive restaurants, shops, parks, nightlife, and entertainment are nearby. Fort Lauderdale beaches and major roadways are also described as conveniently accessible.
Wilton Drive restaurants, shops, parks, nightlife, and entertainment are nearby. Fort Lauderdale beaches and major roadways are also described as conveniently accessible.
Key Highlights
- Five rental units: one 3‑bedroom, 2‑bathroom house and four 1‑bedroom, 1‑bathroom units
- Single‑family home has approximately 2,200 SF
- Each of the four smaller units includes a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,764
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,280
$1.2M
Cap Rate 7%
$853,771
$853.8K
Cap Rate 9%
$664,044
$664.0K
Market Conditions
NOI Build-Up for 3,886 SF
Gross rent
$113.8K $29.28/SF
− Vacancy
−$5.1K −$1.32/SF
EGI
$108.7K $27.96/SF
− OpEx
−$48.9K −$12.58/SF
NOI
$59.8K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,280
Cap Rate 7%
$853,771
Cap Rate 9%
$664,044
Alternative Uses
Best Use
Apartment 5plus
$853.8K
$747.1K – $996.1K
NOI $59,764 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,007 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A detached three-bedroom home and four one-bedroom residences make up the rental mix.
Where is this apartment building located?
The property is located at 2731 NE 1ST Terrace # 4 Unit 1-4 Wilton Manors, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Five rental units: one 3‑bedroom, 2‑bathroom house and four 1‑bedroom, 1‑bathroom units; Single‑family home has approximately 2,200 SF; Each of the four smaller units includes a private patio
