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.
- Address 733-795 NW 27th Ave
- City Fort Lauderdale
- County Broward County
- Zip 33311
- Price $958,750
- Status Active
- Subdivision
- Pets Allowed No
- MLS® # F10488707
- Property Type Commercial/Industrial
- Property Sub TypeMixed Use
- Status Active
- Square Feet
- Year Built 1948
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $12,073
- Tax Year 2023