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707 NE 14th St 23 Unit Apartment Building $4,800,000 ($208,696/Unit) Fort Lauderdale, FL 33304
Investment Highlights
- Central Middle River Location – Minutes from Downtown Fort Lauderdale, Las Olas, and Flagler Village.
- Future Redevelopment Upside – Zoning allows for increased density or adaptive reuse.
- Stabilized Multifamily Income – Well-maintained asset with reliable in-place cash flow.
Executive Summary
This well-maintained and fully stabilized multifamily property presents a compelling acquisition opportunity in Fort Lauderdale’s Middle River neighborhood. With its close proximity to Downtown Fort Lauderdale, Las Olas, and Flagler Village places the asset within a short distance of major employment centers, retail destinations, and ongoing urban development that support long-term rental demand.
The property’s versatile zoning introduces an optionality to allow for future redevelopment, adaptive reuse, or increased density consistent with surrounding growth patterns. Investors can benefit from predictable in-place income while evaluating redevelopment timing in a supply-constrained neighborhood.
The opportunity combines stable operating income with long-term control of a site located in a zoning district that allows for higher-intensity future development.
The property’s versatile zoning introduces an optionality to allow for future redevelopment, adaptive reuse, or increased density consistent with surrounding growth patterns. Investors can benefit from predictable in-place income while evaluating redevelopment timing in a supply-constrained neighborhood.
The opportunity combines stable operating income with long-term control of a site located in a zoning district that allows for higher-intensity future development.
Property Facts
| Price | $4,800,000 | Building Class | C |
| Price Per Unit | $208,696 | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 12,702 SF |
| No. Units | 23 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | Parking Ratio | 1.57/1,000 SF |
| Zoning | RMM-25 | ||
| Price | $4,800,000 |
| Price Per Unit | $208,696 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 12,702 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | RMM-25 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | - | - |
| 2+1 | 1 | - | 1,000 |
| 3+1 | 1 | - | 1,200 |
Property Taxes
| Parcel Number | 49-42-35-10-0140 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,307,550 |
Property Taxes
Parcel Number
49-42-35-10-0140
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,307,550
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