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2399 Sistrunk Blvd, Fort Lauderdale, FL 33311

Lots/Land For Sale
$749,985

BTC: 7.69690224

ETH: 217.08115524

26 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

Rare opportunity on rapidly developing Sistrunk Blvd. Drive Sistrunk: see surge of construction. 1/4 acre corner lot. 15 units can be built by right: Land has been entitled. Site plan for 15 large 1 bed/1 bath units. 7-9 of the units can possibly be 1 bed w/dens or 2 bed. Permits have not been pulled. Use site plan, customize or design your own. Recently sold comps in area:$66.7k-$84.5k per unit for land. Active comps in area:$60k-$99k per unit for land. Subject property under $50k per unit; OVER $250k OFF market value. New 1 bed apts nearby rent:$1.6k-$2.3k. New 2 bed apts nearby rent:$2.4k-$3k. Construction cost $2.2M+/-. All in cost:$3M+/-. Value once built:$4M+/-. $1M+/- instant equity. Potential 10%+/- cap rate. Opportunity zone. Huge tax benefits. Seller will finance or joint venture

Location

Florida • Fort Lauderdale • 33311 • Lots/Land • For Sale

Facts and features

Type:
Land
Parking:
Year Built:
No Data
Lot:
No Data
Heating:
Price/sqft:
No Data
Cooling:
HOA:
No Data
All facts and features

  • Other Property Information

    • Parcel Number: 504205010960

    • Zoning: GP-1

  • Type and style

    • Property Type: Land

    • Property Sub Type: Residential

  • Utility

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

  • Other financial information

    • Annual tax amount: $2,062

  • Source details

    • MLS ID: F10468607

    Other facts

    • Construction Materials:

    • Lot Features:

    • Patio And Porch Features:

    • Pool Features:

    • Direction Faces: NE corner of Sistrunk Blvd (NW 6th St) & NW 24th Ave. GPS: 2399 NW 6th Street, Fort Lauderdale, FL 33311.

    • Lot Size Dimensions: 9909

    • Subdivision Name: Washington Park 19-22 B

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Beaches MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: United Realty Group Inc.