Residential Townhome
202 NW 14th Ave Unit 202 Fort Lauderdale, FL 33311
For Sale
$5,200,000
A 38-unit residential community with 17 fully leased townhomes and a mix of 1- and 2-car garages.
Property Size22,761 SF
Price / SF$228.46
Days on Market372
Property Features for 202 NW 14th Ave Unit 202
General Information
- Standard status
- Active
- Size
- 22,761 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2007
Listing Agency:
Charles Rutenberg Realty Fort
(305) 338-9884
Listed By:
Shirley Slotwiner · License #3287505
(305) 338-9884
Source:
Xome
Added: Jul 17, 2025
Changed: Jul 20
Last Checked: Jul 23 at 3:53AM
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 Charles Rutenberg Realty Fort
Investment Insights
Based on property information with market context.
This for-sale residential community consists of 38 townhome units, with 17 stabilized and fully leased. The community includes a mix of 1-car and 2-car garages, supporting tenant utility and day-to-day functionality. Many units feature newer central A/C systems aimed at long-term durability and tenant satisfaction.
The seller also retains Builder Rights, providing full control over the HOA and strategic influence over community operations. Tenants pay for their own water and electricity, which is described as contributing to operational efficiency and reduced owner expenses. The property is located in Fort Lauderdale, near major highways, schools, shopping, and Downtown Fort Lauderdale.
The offering highlights strong in-place rental income and minimal management requirements based on the provided remarks.
The seller also retains Builder Rights, providing full control over the HOA and strategic influence over community operations. Tenants pay for their own water and electricity, which is described as contributing to operational efficiency and reduced owner expenses. The property is located in Fort Lauderdale, near major highways, schools, shopping, and Downtown Fort Lauderdale.
The offering highlights strong in-place rental income and minimal management requirements based on the provided remarks.
Key Highlights
- 38‑unit residential community in Fort Lauderdale, FL
- 17 stabilized, fully leased townhomes within the 38‑unit community
- Central air cooling and heating noted; year built 2007
Financial Insights For Apartment 5plus
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 | $655.5k | $28.80 |
| − Vacancy | −$34.1k | −$1.50 |
| EGI | $621.4k | $27.30 |
| − OpEx | −$279.6k | −$12.29 |
| NOI | $341.8k | $15.02 |
22,761 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.88M
$4.27M – $5.70M
NOI $341,786 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.30M
$13.38M – $17.84M
NOI $1,070,677 @ 7.0% cap · market cap 20.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - A 38-unit residential community with 17 fully leased townhomes and a mix of 1- and 2-car garages.
Where is this apartment building located?
The property is located at 202 NW 14th Ave Unit 202 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 38‑unit residential community in Fort Lauderdale, FL; 17 stabilized, fully leased townhomes within the 38‑unit community; Central air cooling and heating noted; year built 2007
