Description
One of the last corner lots on rapidly developing nw 27 ave, buildable for 24 residential units. 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. active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. subject property under $40k/unit: six figures below market. nearby rents: 1 beds $1.6k-$2.1k. construction cost: $3.5m+/-; total cost: under $4.5m; projected value: $7m+: $2.5m+ instant equity. potential 10%+/- cap rate. opportunity zone: huge tax benefits. seller will finance. eligible for county grant of up to $300k towards construction. dnd tenants. can also be commercial or mixed-use.
Property Type
Commercial/Business/Agricultural/Industrial LandSubdivision
Washington ParkCounty
Broward CountyStyle
Unimproved Multi Family (5+Units)AD ID
48670911
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Property Details
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Property / Lot Details
Lot Information
- Dimensions: 14388
- Less Than 1 Acre
Property Information
- Property Detail: Commercial/Business/Agricultural/Industrial Land
- Subdivision: Washington Park Third Add
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Listing Information
Listing Price Information
- Original List Price: $958,750
Listing Information
- Possession: At Closing,Negotiable
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Taxes / Assessments
Tax Information
- Annual Tax: $12,073
- Tax Year: 2023
- Parcel Number: 504205060110
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School, Utilities & Location Details
Utility Information
- Cable Tv,Electric,Irrigation Water,Other Utilities Available,Phone Line,Sewer,Water
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All listings featuring the "The Greater Fort Lauderdale Realtors" as the source are provided by "The Greater Fort Lauderdale Realtors".This information is not verified for authenticity or accuracy and is not guaranteed.
BuyOwner last updated this listing 02/27/2025 @ 18:03
- MLS: F10483601
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Greater Fort Lauderdale REALTORS®
is a Agricultural, with 0 bedrooms which is for sale, it has 0 sqft, 14,388 sized lot, and 0 parking. A comparable Agricultural, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Fort Lauderdale , in zip code 33311, this Broward County County Agricultural , it is in the WASHINGTON PARK Subdivision, and are nearby neighborhoods.