2435 N Dixie Hwy 5 Unit Apartment Building $1,495,000 ($299,000/Unit) 6.18% Cap Rate Wilton Manors, FL 33305

Prime Location on Dixie Corridor Near 5 Points & Wilton Drive!
This mixed-use building offers a fantastic opportunity for both investors and owners alike. Located in the heart of Wilton Manors, just steps away from the vibrant entertainment, theaters, and dining options along Wilton Drive, you'll be next door to the exciting new Wilton Hotel & Spa development.
The property consists of 5 apartments and 3 office spaces, with owner financing available on favorable terms for qualified buyers. With a prime location offering high visibility and strong rental demand, this building is a fantastic investment opportunity.
Currently under a master lease through March 2026, the lease can be terminated upon sale. One office space is available for the new owner or can be leased to a new tenant. The remaining two office spaces are occupied by long-term tenants, including Sterling Tax & Accounting, Hotspots Magazine, Angler Landscaping, and Pride Ft. Lauderdale.
Property Highlights:
• 3 recently updated apartments and 2 more being renovated (credit offered to new owner to complete ongoing updates).
• Underground plumbing and cast iron pipes have been replaced.
• Roofs replaced within the last 5 years.
• Impact-resistant hurricane windows on the second floor and part of the first floor; accordion storm shutters on remained of the first floor.
This is an excellent investment in a highly desirable and bustling location. Don't miss this rare opportunity!