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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#: F10488707 ( Commercial/Industrial )
  • Street Address: 733-795 27th Ave
  • Viewed: 1
  • Price: $918,750
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 198

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
  • Construction Type: Cbs Construction
  • Floor Description: Other Floors
  • Roof Description: Other Roof
  • Year Built Description: Resale
Property Information
  • Property Description: Sold For Land Value
  • Transaction Type Mlx: Sale
  • Typeof Property: Mixed Use
Land Information
  • Lot Sq Footage: 14388
  • Total Acreage: 0.3300
Garage and Parking
  • Num Parking Spaces: 27
Eco-Communities
  • Environmental Audit: None
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
  • 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
  • Locationof Property: Corner Unit, Corner Lot, County Location, End Unit
  • Parcel Number Mlx: 0121
  • Parcel Number: 504205060121
  • Possession Information: At Closing, Negotiable
  • Postal Code + 4: 6678
  • Sale Includes: Building & Land, Land Only
  • Zoning Information: B-3
Nearby Subdivisions
Argonne Heights Amd Place 16-8   Argonne Heights Amd Place 168    Progresso   Washington Park  
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