2201 NE 14th Ave.

Reposition apartments, quarterly income grows

Wilton Manors 9-unit multifamily, 8x1BR + 1x2BR, renovated 2017 with 40-year cert completed.

Value-add strategy on a 9-unit multifamily property at 2201 NE 14th Avenue in Wilton Manors, Florida. The unit mix comprises eight one-bedrooms and one two-bedroom totaling 7,551 square feet. The building underwent a 2017 renovation that included a new roof, hurricane impact windows, full electrical work, and completion of the 40-year recertification, which materially reduces the capital backlog typical of mid-century multifamily in the submarket. The value-add thesis centers on NOI uplift through selective unit modernization as units turn (kitchens, baths, flooring, and finish package) and rent repositioning into the updated-unit comparable set within the Wilton Manors submarket. The existing envelope and systems upgrades provide a stable platform under which unit-level capital can be deployed without simultaneous structural work. Hold duration is expected to align with a standard value-add multifamily timeline of organic turnover, unit upgrades, rent progression, and stabilized hold for yield. Asking basis of 2.497 million dollars reflects the completed capital backlog, the unit count, and the submarket positioning. Capital deployment covers unit-level turn capital at each vacancy, common-area refresh, and operational positioning. Returns are targeted from the NOI uplift through repositioning and the associated valuation effect at stabilization, rather than from any single-event disposition catalyst.

Address

2201 NE 14th Ave.

City

Wilton Manors, FL

ZIP

33305

Beds

10

Baths

9

Living sqft

7,551

Lot sqft

—

Year built

2017

Waterfront

NONE

Value-add economics model using acquisition basis, improvement envelope, maturity, and downside/upside stabilized-value scenarios. Detailed sponsor line items are shown when a full proforma is available.

Source: strategy economics model · figures are forward-looking estimates · not a guarantee of return