Courtyard Apartment
For Sale
$1,499,000
249 SW 14th Street # 4 Unit 1-4, Dania Beach, FL 33004
The property combines a principal residence with four additional rental units around a shared courtyard.
Property Size3,375 SF
Price / SF$444.15
Days on Market150
Property Features for 249 SW 14th Street # 4 Unit 1-4
General Information
Standard status
Active
Size
3,375 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Cap Rate
6%
Multifamily Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,822
Building Details
Building Size
3,375 SF
Year Built
1956
Listing Agency:
LPT Realty, LLC
Listed By:
Elkin Sanchez · License #3554939
(954) 589-8763
Source:
Jofregroup
Added: Jun 7
Changed: Nov 2
Last Checked: Nov 3 at 7:55AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,375-square-foot apartment property, built in 1956, consists of a main residence and four additional units arranged around a courtyard. The five-unit property is fully occupied and reports a 6% cap rate.
Located at 249 SW 14th Street in Dania Beach, the property offers a combination of residential units within one site.
Located at 249 SW 14th Street in Dania Beach, the property offers a combination of residential units within one site.
Key Highlights
- Main residence plus four additional units
- 3,375 square feet; built in 1956
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,905
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,100
$1.0M
Cap Rate 7%
$741,500
$741.5K
Cap Rate 9%
$576,722
$576.7K
Market Conditions
NOI Build-Up for 3,375 SF
Gross rent
$98.8K $29.28/SF
− Vacancy
−$4.4K −$1.32/SF
EGI
$94.4K $27.96/SF
− OpEx
−$42.5K −$12.58/SF
NOI
$51.9K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,100
Cap Rate 7%
$741,500
Cap Rate 9%
$576,722
Alternative Uses
Best Use
Apartment 5plus
$741.5K
$648.8K – $865.1K
NOI $51,905 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,860 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,193
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
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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?
Apartment building - The property combines a principal residence with four additional rental units around a shared courtyard.
Where is this apartment building located?
The property is located at 249 SW 14th Street # 4 Unit 1-4 Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Main residence plus four additional units; 3,375 square feet; built in 1956; Fully occupied
