Remodeled Multifamily Investment
2201 NE 14th Ave Wilton Manors, FL 33305
2201 NE 14th Ave, Wilton Manors, FL, 33305
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For Sale
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9-unit multifamily property in Wilton Manors, fully leased.
Property Size7,551 SF
Price / SF$330.68
Days on Market792
Property Features for 2201 NE 14th Ave
General Information
- Standard status
- Active
- Size
- 7,551 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing Agency
Miami Masterpiece
Listed by
Carla Contreras · License #3267434
Source
Crexi
Added: May 17, 2024 Checked: Jul 17 at 6:48 am
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 Miami Masterpiece
Investment Insights
Based on property information with market context.
This is a 9-unit multifamily property located in Wilton Manors. The property features eight 1-bedroom, 1-bathroom units, each with a private patio, and one 2-bedroom, 1-bathroom unit. The property has been remodeled and includes a new roof, hurricane impact windows, and a full electrical system upgrade. The property has completed its 40-year certification. All units have central air. A coin laundry is located on-site. The property is 100% leased with annual leases. The property is located near shopping, dining, nightlife, and beaches. It is suitable for investors seeking cash flow, appreciation, and long-term value. The property has a strong rental history with consistent demand and upside potential. The property size is 7551 square feet.
Key Highlights
- Fully remodeled 9‑unit multifamily property featuring 8 (1BR/1BA) units and 1 (2BR/1BA) unit.
- 100% leased with annual leases, ensuring immediate and stable income.
- New roof, hurricane impact windows, and upgraded electrical system, with completed 40‑year certification.
Local 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 | $221.1k | $29.28 |
| − Vacancy | −$9.9k | −$1.32 |
| EGI | $211.1k | $27.96 |
| − OpEx | −$95.0k | −$12.58 |
| NOI | $116.1k | $15.38 |
7,551 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.66M
$1.45M – $1.94M
NOI $116,129 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,166 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 9-unit multifamily property in Wilton Manors, fully leased.
Where is this apartment building located?
The property is located at 2201 NE 14th Ave Wilton Manors, FL.
What is the asking price?
The asking price for this property is $2,497,000.
What are key features of this property?
This property features: Fully remodeled 9‑unit multifamily property featuring 8 (1BR/1BA) units and 1 (2BR/1BA) unit.; 100% leased with annual leases, ensuring immediate and stable income.; New roof, hurricane impact windows, and upgraded electrical system, with completed 40‑year certification.
