2520 N Andrews Ave - Apartments FOR SALE


Wilton Manors, FL 33311
$6,720,000 USD
954-245-3492
2520 N Andrews Ave, Wilton Manors, FL for Sale
$6,720,000 USD
Apartments - FOR SALE
1/16
null | 5.07% Cap Rate

2520 N Andrews Ave
Wilton Manors, FL 33311


HIGHLIGHTS

  • 5-Story Building Constructed in 1975 located at 26th Street & Andrews Avenue in Wilton Manors
  • Unit Mix: (1) Studio, (1) 1-Bedroom, (10) 2-Bedroom Townhomes and (14) 2-Bedroom Apartments
  • Units Average 1,039 Square Feet with Central A/C, Fenced-in Patios (First Floor) and Balconies
  • Roof is a Concrete Deck and was Replaced by Seller in 2023, Parking Lot was done in 2025
  • Common Area Amenities Include Elevator, Tropical Pool, On-Site Laundry and Ample Parking
  • Walking Distance to Wilton Drive and Five Points with many Shops, Restaurants, Art Galleries

OVERVIEW

RAM Andrews Apartments were constructed in 1975 of concrete block and painted stucco with a flat concrete roof. The property consists of (1) studio apartment, (1) one-bedroom/one-bathroom apartment, (1) two-bedroom/one-and-a-half-bathroom townhouse, (14) two-bedroom/two-bathroom apartments and (9) two-bedroom/two-bathroom townhome units. The studio and one-bedroom apartment were previously a two-bedroom/two-bathroom apartment and are non-conforming, as is unit 2520-A. The building spans 25,985 rentable square feet and is situated on a 31,239-square-foot lot, according to the Broward County Property Appraiser. Units feature small backyards or private balconies, central air conditioning, electric appliances and individual hot water heaters. *The roof was replaced by current ownership in 2023.

FOR SALE DETAILS

PRICE

$6,720,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

26

PRICE/UNIT

$258,462

CAP RATE

5.07%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Andrews

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

RM-16

APN/PARCEL ID

49-42-27-04-0550

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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