Renovated 11-Unit Multifamily
909 SE 14th Ct Fort Lauderdale, FL 33316
For Sale
$2,100,000
Pending
11-unit building with one efficiency, mostly renovated, and hurricane windows installed in 2012.
Property Size7,737 SF
Days on Market2676
Property Features for 909 SE 14th Ct
General Information
- Standard status
- Pending
- Size
- 7,737 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1967
Listing Agency:
(301) 806-0934
Listed By:
Elevate Real Estate Broker
(301) 806-0934
Source:
Xome
Added: Mar 30, 2019
Changed: Jul 25
Last Checked: Jul 25 at 5:00PM
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 Elevate Real Estate Broker
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes an 11-unit building plus one efficiency. The property is consistently occupied and is described as mostly renovated. Unit mix consists of four 2-bedroom, one-bath apartments, seven 1-bedroom, one-bath apartments, and one efficiency. Updates include hurricane windows installed in 2012 and a roof that is approximately 13 years old, with iron railings being replaced by aluminum railings before closing.
Parking is described as 1 space per unit plus guest parking.
The current tenancy is noted as long term, and the property is presented as producing $147,480.00 annually.
Parking is described as 1 space per unit plus guest parking.
The current tenancy is noted as long term, and the property is presented as producing $147,480.00 annually.
Key Highlights
- 11‑unit building in Fort Lauderdale plus 1 efficiency, built in 1967
- Mostly renovated with 4 units (2 bed/1 bath), 7 units (1 bed/1 bath), and 1 efficiency
- Hurricane windows installed in 2012
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 | $222.8k | $28.80 |
| − Vacancy | −$11.6k | −$1.50 |
| EGI | $211.2k | $27.30 |
| − OpEx | −$95.1k | −$12.29 |
| NOI | $116.2k | $15.02 |
7,737 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.66M
$1.45M – $1.94M
NOI $116,181 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $363,948 @ 7.0% cap · market cap 17.33%
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 - 11-unit building with one efficiency, mostly renovated, and hurricane windows installed in 2012.
Where is this apartment building located?
The property is located at 909 SE 14th Ct Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 11‑unit building in Fort Lauderdale plus 1 efficiency, built in 1967; Mostly renovated with 4 units (2 bed/1 bath), 7 units (1 bed/1 bath), and 1 efficiency; Hurricane windows installed in 2012
