| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Fair |
| Demographics | 61st | Good |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 707 NE 14th St, Fort Lauderdale, FL, 33304, US |
| Region / Metro | Fort Lauderdale |
| Year of Construction | 1973 |
| Units | 23 |
| Transaction Date | 1980-01-01 |
| Transaction Price | $267,429 |
| Buyer | 707 SCJJC LLC |
| Seller | COOPER CALDWELL C |
707 NE 14th St, Fort Lauderdale Multifamily Opportunity
Positioned in Fort Lauderdale an Urban Core setting with steady renter demand 4this 23-unit asset benefits from neighborhood-level fundamentals that support leasing durability, according to WDSuite 27s commercial real estate analysis.
Fort Lauderdale 27s Urban Core location provides daily-life conveniences that help support renter retention. Neighborhood amenities test above the national middle on parks (high-80s percentile) and restaurants (low-80s percentile), while grocery access sits in the low-70s percentile nationally. Caf e9 and pharmacy counts are thinner, but strong childcare density (mid-90s percentile) adds family-oriented services. These are neighborhood-level metrics, not property features.
At the neighborhood level, renter-occupied housing accounts for a meaningful share of units (ranked in the low-80s percentile nationally), signaling a deep tenant base for multifamily operators. In contrast, the neighborhood 27s occupancy is below national norms (ranked in the high-20s percentile), which can translate into more leasing competition and the need for focused marketing and amenity positioning. All figures refer to neighborhood statistics, not the property 27s own performance.
Within a 3-mile radius, population and households have expanded over the past five years, and forecasts point to further population growth alongside a notable increase in household counts. Smaller average household sizes are expected to continue, which typically enlarges the renter pool and supports occupancy stability for well-positioned assets.
Ownership costs trend on the higher side relative to incomes at the neighborhood level (home values in the mid-70s national percentile and value-to-income in the low-80s percentile), reinforcing reliance on multifamily rentals. Neighborhood median rent-to-income sits around the low-20s share, suggesting manageable affordability pressure that can aid lease retention while still allowing measured rent growth. These context points are based on CRE market data from WDSuite.
Relative to the Fort Lauderdale metro, this neighborhood 27s safety profile ranks near the lower end (crime rank 323 out of 345 neighborhoods), placing it below metro averages and in a lower national percentile for safety. This is a neighborhood-level read, not a property-specific assessment.
Recent year-over-year trends indicate increases in both violent offenses (up about 131%) and property offenses (up about 91%) at the neighborhood level. Investors should underwrite security measures, tenant screening, and insurance assumptions accordingly, while monitoring whether these trends normalize alongside broader regional patterns.
The area draws from a diversified employment base spanning auto retail headquarters, healthcare administration, and corporate services 2d 2dconcentrations that can bolster workforce housing demand and support retention for commuters. Nearby employers include AutoNation, Tenet Healthcare, Office Depot, Johnson & Johnson, and Mosaic.
- AutoNation 2d auto retail HQ operations (1.7 miles) 2d HQ
- Tenet Healthcare Corporation, Florida Region 2d healthcare administration (14.1 miles)
- Office Depot 2d corporate offices (17.9 miles) 2d HQ
- Johnson & Johnson 2d corporate offices (19.4 miles)
- Mosaic 2d corporate offices (22.9 miles)
707 NE 14th St offers 23 units in an Urban Core setting with a sizable renter base and access to parks, restaurants, and grocery options that compare favorably to national averages. The property was built in 1973, which typically implies value 2dadd and systems modernization opportunities; targeted renovations can enhance competitiveness against newer stock while addressing capital planning needs. At the neighborhood level, occupancy runs softer than national norms, but a growing 3-mile population and expanding household count point to a larger tenant base over time. Elevated ownership costs relative to income support sustained multifamily demand. According to CRE market data from WDSuite, these conditions collectively favor disciplined operations with thoughtful leasing strategy.
Key underwriting points include underwriting for security and marketing in a submarket with below 2daverage neighborhood safety and competitive leasing dynamics, balanced by diversified employer access and the potential to capture demand from a renter 2doriented housing mix. Execution should focus on durable finishes, expense control, and resident experience to drive retention.
- Urban Core location with amenities and commuter access that support renter retention
- 1973 vintage presents value 2dadd and systems modernization upside to improve competitiveness
- Growing 3 2dmile population and household counts indicate a larger tenant base over time
- Elevated ownership costs reinforce sustained rental demand and potential pricing power
- Risks: below 2dmetro neighborhood safety ranking and softer neighborhood occupancy require proactive leasing and security planning