For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $95,000
Property Type Vacant Land
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Sun Land Park 25-30 B
MLS Listing ID F10144282
Sold Date 11/13/18
HOA Y/N No
Total Fin. Sqft 5105
Annual Tax Amount $577
Tax Year 2017
Lot Size 5,105 Sqft
Property Description
OVER 50% OFF Market Value! Build up to 4-8 units! Ask me how! Zoned MH in the TOC zone. Build 4-6 stories high! Unlimited density! Build as many units as you can fit! Build mixed use or just multifamily. Multifam lots in the area sell for $25k-$30k per buildable unit. That gives this property a current market value of $200k-$240k. 2/1 units rent for $1,300/mo. New units could rent for $1,500/mo. Potential gross monthly income of up to $12k! $144k/yr! Avg cap rate in Broward is 6.88%. Sell at 6.88% cap for $2M+! You can also build "Micro-Units". Build a tiny building very inexpensively and max out your return on investment. Call Listing Agent to discuss all details; I'm happy to explain.
Location
State FL
County Broward County
Area Hollywood South West (3990;3190)
Zoning MH (TOC)
Exterior
Water Access N
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Others
Pets Allowed No
Acceptable Financing Cash, Other Terms, Owner Financing
Listing Terms Cash, Other Terms, Owner Financing
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Florida Realty of Miami Corp
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
934 N University Dr. Suite 226, Springs, FL, 33071, United States