4-Unit Multifamily
2117 NE 14TH Avenue # 4 Unit 1-4, Wilton Manors, FL 33305
For Sale
$875,000
Every residence is leased, and interior access can be arranged with advance notice.
Property Size2,499 SF
Price / SF$350.14
Days on Market83
Property Features for 2117 NE 14TH Avenue # 4 Unit 1-4
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Land Use
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Better Homes & Gardens Real Estate Florida 1st
Listed By:
Raymond M Brown · License #3321723
Source:
Debuirerealty
Added: Aug 17
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Better Homes & Gardens Real Estate Florida 1st
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Wilton Manors was built in 1959 and is currently fully occupied. Exterior viewing is possible without entering tenant spaces; interior visits can be coordinated with advance notice for interested prospects.
Key Highlights
- Four residential units
- All units currently leased
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,658
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,160
$833.2K
Cap Rate 7%
$595,114
$595.1K
Cap Rate 9%
$462,867
$462.9K
Market Conditions
NOI Build-Up for 2,499 SF
Gross rent
$63.0K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.5K $23.81/SF
− OpEx
−$17.9K −$7.14/SF
NOI
$41.7K $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%
$833,160
Cap Rate 7%
$595,114
Cap Rate 9%
$462,867
Alternative Uses
Best Use
Multifamily LT 5
$595.1K
$520.7K – $694.3K
NOI $41,658 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$549.0K
$480.4K – $640.6K
NOI $38,433 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,749 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Broward County, FL
Properties on Market for Quadplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Every residence is leased, and interior access can be arranged with advance notice.
Where is this quadplex located?
The property is located at 2117 NE 14TH Avenue # 4 Unit 1-4 Wilton Manors, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Four residential units; All units currently leased; Built in 1959
