5230 NE 14th Way - Apartments FOR SALE


Fort Lauderdale, FL 33334- Coral Ridge Isles
$1,250,000 USD
954-747-1000
5230 NE 14th Way, Fort Lauderdale, FL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/19
null | 5.49% Cap Rate

5230 NE 14th Way
Fort Lauderdale, FL 33334
Coral Ridge Isles


HIGHLIGHTS

  • New roof installed in 2024
  • Rents are slightly below market
  • Prime location

OVERVIEW

Coldwell Banker Commercial Realty is pleased to present 5230 NE 14th Way, a boutique five-unit multifamily property located in Fort Lauderdale’s Coral Ridge Isles neighborhood. Built in 1966, the single-story property features four onebedroom, one-bath residences and one two-bedroom, two-bath unit. A new roof was installed in April of 2024 and the original windows have been replaced. All units have central air conditioning. The building completed its 10-year recertification in 2023, demonstrating compliance with local regulations and reducing near-term capital expenditure risk. The property is positioned in a highly desirable residential area with parks, schools, hospitals, shopping, dining, and the beach all within easy reach, providing tenants with a convenient and well-rounded lifestyle. Its proximity to major roads and thoroughfares ensures quick access to Fort Lauderdale’s business districts, employment hubs, and entertainment destinations, making it attractive to both professionals and families. The submarket exhibits strong multifamily fundamentals, with robust renter demand and limited new supply supporting stable occupancy. Average rents are slightly below the submarket, offering potential for growth. With its wellmaintained units, low-density setting, and prime location, 5230 NE 14th Way offers a turnkey investment opportunity in one of Fort Lauderdale’s most established neighborhoods.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RMM25

APN/PARCEL ID

49-42-11-07-4620

ASK ABOUT THIS PROPERTY

Robert WainlandColdwell Banker Commercial RealtyMore Info
954-747-1000

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Robert WainlandColdwell Banker Commercial RealtyMore Info
954-747-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.