Waterfront Investment Property Near
109 NW 14th Way # 4 #1-4 Dania Beach, FL 33004
109 NW 14th Way # 4 #1-4, Dania Beach, FL, 33004
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For Sale
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Four units near Dania Point, airport, and seaport.
Property Size2,336 SF
Price / SF$513.70
Days on Market59
Property Features for 109 NW 14th Way # 4 #1-4
General Information
- Standard status
- Active
- Size
- 2,336 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing Agency
One Option LLC
(754) 235-3535
Listed by
Ernesto Avila · License #3109531
Source
Crexi
Added: May 19 Checked: Jul 16 at 12:35 pm
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 One Option LLC
Investment Insights
Based on property information with market context.
This is a four-unit investment property with each unit containing two bedrooms and one bathroom. The building is located close to Dania Point, the airport, and the seaport. The property is waterfront and is centrally located near shopping, restaurants, banking, and transportation. The units feature tiled floors and central air conditioning. The property size is 2,336 square feet.
Key Highlights
- Waterfront property
- Great investment opportunity: 4 units
- Close proximity to Dania Pointe
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.9k | $25.20 |
| − Vacancy | −$3.2k | −$1.39 |
| EGI | $55.6k | $23.81 |
| − OpEx | −$16.7k | −$7.14 |
| NOI | $38.9k | $16.67 |
2,336 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$556.3K
$486.8K – $649.0K
NOI $38,941 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$513.2K
$449.1K – $598.8K
NOI $35,926 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,961 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four units near Dania Point, airport, and seaport.
Where is this quadplex located?
The property is located at 109 NW 14th Way # 4 #1-4 Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Waterfront property; Great investment opportunity: 4 units; Close proximity to Dania Pointe
