2300 NE 6th Ave - Apartments FOR SALE


Wilton Manors, FL 33305
$2,950,000 USD
954-923-2325
2300 NE 6th Ave, Wilton Manors, FL for Sale
$2,950,000 USD
Apartments - FOR SALE
1/42
null | 4.4% Cap Rate

2300 NE 6th Ave
Wilton Manors, FL 33305


OVERVIEW

Estate Sale | Value-Add | 2300 NE 6th Avenue presents a rare opportunity to acquire a fully occupied, mixed-use multifamily property located at a high-visibility, signalized intersection within Wilton Manors’ Arts & Entertainment District. Built in 1971, the two-story building totals approximately 8,379 square feet on a 13,683 square foot parcel and is comprised of 8 (2/1) units, one (0/1) Studio and a commercial unit (1,049 SF) operating as a bar and generating $6,500/Monthly. Upside Potential | stable cash flow with below-market rents offers immediate value-add potential. Income is approximately 30% below market based on lease analysis. Situated within B-2 zoning and an Arts & Entertainment Overlay, the property benefits from flexible mixed-use entitlements, making it well positioned for repositioning, adaptive reuse, or continued multifamily operation. Location: Located in the heart of Wilton Manors commercial district on Wilton Drive. The site’s central location provides exceptional frontage and accessibility, with strong exposure to Wilton Drive’s thriving dining, retail, and entertainment corridor. Long-term ownership and 100% occupancy underscore its stability, while surrounding redevelopment, municipal support for façade and infrastructure improvements, and sustained demand for both residential and commercial space in Wilton Manors point to significant upside for an investor seeking growth, income, and strategic repositioning potential.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

10

PRICE/UNIT

$295,000

CAP RATE

4.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,697 SF

ZONING

B-2

APN/PARCEL ID

49-42-26-05-2120

ASK ABOUT THIS PROPERTY

Peter DackoMedia RealtyMore Info
954-923-2325

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Peter DackoMedia RealtyMore Info
954-923-2325

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.