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Wade M. Berlin

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  4. 733-795 27th Ave, Fort Lauderdale, FL 33311
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733-795 27th Ave
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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#: F10488687 ( Residential Land/Boat Docks )
  • Street Address: 733-795 27th Ave
  • Viewed: 9
  • Price: $918,750
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 244

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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Features
Building and Construction
  • Front Exposure: East
  • Surface Description: Paved Road
Property Information
  • Styleof Property: Zoned Multifamily
  • Typeof Property: Residential
Land Information
  • Lot Sq Footage: 14388
  • Subdivision Name: Washington Park Third Add
  • Total Acreage: 0.3300
Eco-Communities
  • Typeof Trees: No Trees, Other Trees
Finance and Tax Information
  • Dade Assessed Amt Soh Value: 635450
  • Dade Market Amt Assessed Amt: 635450
  • Tax Year: 2023
Other Features
  • Board Identifier: BeachesMLS
  • Country: United States
  • Development: Recorded Plat
  • Folio Num 2 Nd Parcel: 504205060120
  • Geographic Area: Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810)
  • Legal Description: WASHINGTON PARK THIRD ADD 21-43 B LOT 3 LESS E 12 BLK 16
  • Miscellaneous Improvements: Fenced, Other
  • Parcel Number Mlx: 0121
  • Parcel Number: 504205060121
  • Possession Information: At Closing, Negotiable
  • Postal Code + 4: 6678
  • Usage Description: Check Land Use Plan
  • Zoning Information: B-3
Nearby Subdivisions
Alec & Mason Sub 83-22 B   Harris Sub 21-40 B   Lauderdale Manors Revised Plat   Lincoln Park Third Add 7-   North Lauderdale   North Lauderdale 1-48 D   Progresso 2-18 D   Roosevelt Gardens 24-49 B   Tuskegee Park   Washington Park Second Add   Washington Park Third   Washington Park Third Add  

Contact Info

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  2. The Real Estate Professional You Deserve
  3. Mobile: 904.248.9848
  4. phoenixwade@gmail.com
Wade M. Berlin

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