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2201 NE 14th Ave

9 Unit Apartment Building $2,700,000 ($300,000/Unit) Wilton Manors, FL 33305

Executive Summary

Prime investment opportunity in Wilton Manors! This remodeled 9-unit multifamily property features 8 modern 1BR/1BA units each with a cozy backyard patio, plus a spacious 2BR/1BA unit. Highlights include a new roof, hurricane-proof windows, and a completed 40-year certification and complete electrical service system upgrade. Located in a highly desirable area close to shopping, dining, and entertainment. All units are updated and ready for tenants, ensuring strong rental income potential. 100% leased(all on a year lease) coin operated washer & dryer on site, all units with central air. Don't miss out on this turn-key investment in a sought-after location.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $201,000 $33.45
Other Income - -
Vacancy Loss - -
Effective Gross Income $201,000 $33.45
Taxes $32,693 $5.44
Operating Expenses - -
Total Expenses $32,693 $5.44
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $201,000
Annual Per SF $33.45
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $201,000
Annual Per SF $33.45
Taxes
Annual $32,693
Annual Per SF $5.44
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $32,693
Annual Per SF $5.44
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $2,700,000
Price Per Unit $300,000
Sale Type Investment
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Garden
Building Class B
Lot Size 0.35 AC
Building Size 6,009 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1960/2017
Parking Ratio 2.33/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Yard
  • Smoke Free

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,700 600 - 900
2+1 1 $2,200 600 - 900
1+1 1 $1,800 600 - 900
1+1 1 $1,800 700 - 900
1+1 1 $1,800 700
1+1 1 $1,800 600
1+1 1 $1,900 700
1+1 1 $1,900 800
1+1 1 $1,900 900
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-42-26-30-0280
Land Assessment
$122,890
Improvements Assessment
$1,393,290
Total Assessment
$1,516,180
Annual Taxes
$32,693 ($5.44/SF)
Tax Year
2024

zoning

Zoning Code RM-16 (Residential Multifamily)
RM-16 (Residential Multifamily)
  • Listing ID: 31916887

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 2201 NE 14th Ave, Wilton Manors, FL 33305

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