Waterfront Four-Unit Investment
For Sale
$1,200,000
109 NW 14th Way 1-4, Dania Beach, FL 33004
Four units near Dania Pointe, airport, and seaport.
Property Size2,336 SF
Price / SF$513.70
Days on Market152
Property Features for 109 NW 14th Way 1-4
General Information
Standard status
Active
Size
2,336 SF
Building Details
Year Built
1961
Listing Agency:
One Option LLC
Listed By:
Ernesto G Avila · License #3109531
(754) 235-3535
Source:
Thepennteam
Added: May 18
Changed: Oct 7
Last Checked: Oct 7 at 4:25PM
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
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Investment Insights
Based on property information with market context.
This is a four-unit investment property situated close to Dania Pointe. The building is located waterfront. Its central location offers proximity to the airport and seaport, making it suitable for individuals working in those areas. The property is also conveniently located near shopping, restaurants, banking facilities, and transportation options. Each unit features tiled floors and central air conditioning.
Key Highlights
- Waterfront property
- Great investment property with 4 units
- Close proximity to Dania Pointe
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,941
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,820
$778.8K
Cap Rate 7%
$556,300
$556.3K
Cap Rate 9%
$432,678
$432.7K
Market Conditions
NOI Build-Up for 2,336 SF
Gross rent
$58.9K $25.20/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$55.6K $23.81/SF
− OpEx
−$16.7K −$7.14/SF
NOI
$38.9K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,820
Cap Rate 7%
$556,300
Cap Rate 9%
$432,678
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,889
Businesses Nearby
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four units near Dania Pointe, airport, and seaport.
Where is this quadplex located?
The property is located at 109 NW 14th Way 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 property with 4 units; Close proximity to Dania Pointe
