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Manor Arms Apartments 820 NE 21st Dr 6 Unit Apartment Building $1,980,000 ($330,000/Unit) 6.38% Cap Rate Wilton Manors, FL 33305
INVESTMENT HIGHLIGHTS
- Fully furnished/ equipped short term airbnb business
- Few blocks to Wilton Drive
EXECUTIVE SUMMARY
Turnkey 6-unit Airbnb property in prime Wilton Manors! Fully renovated and furnished, this income-producing asset features 1 two-bed/1-bath, 3 one-bed/1-bath, and 2 studios on a 7,367 sq ft lot. Total building area: 3,430 sq ft. Gross income: $256,767.76; Net income: $126,296.30; Cap rate: 6.3%. Self-managed and optimized for short-term rentals. Minutes to Wilton Drive, Downtown Fort Lauderdale, Flagler Village, and the beach. Ideal for investors seeking strong cash flow in a high-demand location. Highlights: ? Fully furnished and Airbnb-ready. Renovated interiors and modern design. High-performing income property. Self-managed and turnkey. Prime location near beaches, nightlife, and dining Don’t miss this high-demand, high-return opportunity in Wilton Manors! OM attached
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,980,000 | Apartment Style | Low-Rise |
| Price Per Unit | $330,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 6.38% | Building Size | 12,480 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| Zoning | RS-5, Wilton Manors | ||
| Price | $1,980,000 |
| Price Per Unit | $330,000 |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 12,480 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2024 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | RS-5, Wilton Manors |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 3 | - | - |
| Studios | 2 | - | - |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 49-42-26-05-0710 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $890,350 (2025) |
PROPERTY TAXES
Parcel Number
49-42-26-05-0710
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$890,350 (2025)
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Manor Arms Apartments | 820 NE 21st Dr
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