733-795 NW 27th Ave Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33311
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10488707
Year Built 1948
Annual Tax Amount $12,073
Tax Year 2023
Lot Size 0.330 Acres
Property Sub-Type Mixed Use
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
Interior
Flooring Other Floors
Exterior
Water Access N
Roof Type Other Roof
Building
Foundation Cbs Construction
Others
Acceptable Financing Cash,Conventional/Refinance,Owner Financing
Listing Terms Cash,Conventional/Refinance,Owner Financing