FL > Fort Lauderdale > Washington Park Third Add
Fort Lauderdale, FL 33311,733-795 NW 27th Ave
Fort Lauderdale, FL 33311,733-795 NW 27th Ave
Fort Lauderdale, FL 33311,733-795 NW 27th Ave
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Kevin Morris

Kevin Morris

+1(954) 756-5030
$958,750
Est. payment /mo
0.33 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Income/Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Washington Park Third Add

MLS Listing ID F10483601

HOA Y/N No

Total Fin. Sqft 14388

Annual Tax Amount $12,073

Tax Year 2023

Lot Size 0.330 Acres

Property Sub-Type Income/Multi-Family

Property 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 property under $40k/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 included—customize or design your own. DND tenants. Can also be commercial or mixed-use.

Location

State FL

County Broward County

Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)

Zoning B-3

Exterior

Utilities Available Cable Tv, Electric, Other Utilities Available, Phone Line, Sewer, Trash Removal, Water

Water Access N

Private Pool No

Building

Lot Description Less Than 1 Acre

Sewer Public Sanitation

Water Municipal Water

Others

Pets Allowed No

Read Less Info
BeachesMLS Matrix (RAPB-F prefix)
Listed by United Realty Group Inc.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(954) 756-5030

kevinsellshomeshere@gmail.com

934 N University Dr. Suite 226, Springs, FL, 33071, United States

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733-795 NW 27th Ave