PRICED AT ONLY: $918,750
Address: 733-795 27th Ave, Fort Lauderdale, FL 33311
Description
SIX FIGURES BELOW MARKET! One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. Active comps: $60k $86k/unit for land; recently sold comps: $42k(disqualified) $82.5k/unit for land. Subject site: approx $38k/unit. Construction cost: $3.5M+/ ; total cost: Under $4.5M; projected value: $7M+: $2.5M+ INSTANT EQUITY. Nearby rents: 1 beds $1.6k $2.1k: Potential 10%+/ cap rate. Opportunity zone: huge tax benefits. SELLER WILL FINANCE. Eligible for county grant of up to $300k towards construction. Drive 27th & nearby areas: see surge of construction. Minutes from new Walmart plaza, Starbucks, Downtown, I 95, 441, & Turnpike. Site plan for 24 large 1 bed/1 bath units includedcustomize or design your own. DND tenants. Can also be commercial or mixed use.
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- MLS#: F10483601 ( Commercial/Business/Agricultural/Industrial Land )
- Street Address: 733-795 27th Ave
- Viewed: 2
- Price: $918,750
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 153
- Additional Information
- County: BROWARD
- City: Fort Lauderdale
- Zipcode: 33311
- Subdivision: Washington Park Third Add
- Building: Washington Park Third Add
- Provided by: United Realty Group Inc.
- Contact: Michael Sheer
- (954) 450-2000
- DMCA Notice
Features
Building and Construction
- Surface Description: Paved Road
Property Information
- Styleof Property: Unimproved Multi Family (5+Units)
- Typeof Property: Income/Multi-Family
Land Information
- Lot Depth: 109
- Lot Description: Less Than 1 Acre
- Lot Frontage: 132
- Lot Sq Footage: 14388
- Subdivision Name: Washington Park Third Add
- Total Acreage: 0.3300
Eco-Communities
- Environmental Audit: None
- Water Description: Municipal Water
Utilities
- On Site Utilities: Cable Tv, Electric, Irrigation Water, Other Utilities Available, Phone Line, Sewer, Water
- Sewer Description: Public Sanitation
- Utilities Available: Cable Tv, Electric, Other Utilities Available, Phone Line, Sewer, Trash Removal, Water
Finance and Tax Information
- Dade Assessed Amt Soh Value: 635450
- Dade Market Amt Assessed Amt: 635450
- Tax Year: 2023
Other Features
- Board Identifier: BeachesMLS
- Comprehensive Plan Use: Central Urban, Transition, Urban Commercial
- Country: United States
- Folio Num 2 Nd Parcel: 504205060120
- Folio Num 3 Rd Parcel: 504205060121
- Geographic Area: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
- Legal Description: WASHINGTON PARK THIRD ADD 21-43 B LOTS 1-3 LESS E 12 BLK 16,
- Location: Corner Location, Corner Lot, County Location, Urban Area Development
- Parcel Number Mlx: 0110
- Parcel Number: 504205060110
- Possession Information: At Closing, Negotiable
- Postal Code + 4: 6678
- Usage: Unimproved Business/Commercial, Unimproved Multi Family (5+Units), Other Usage
- Zoning Information: B-3
Nearby Subdivisions
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
