Basic Information

  • MLS # F10488702
  • Type Duplex / Quad Plex / Triplex
  • Subdivision/Complex Washington Park Third Add
  • Year Built 1948
  • Total Sqft 2,086
  • Date Listed 02/24/2025
  • Days on Market 71
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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description

Interior Features

  • Adjusted Sqft 2,086Sq.Ft
  • Sqft 2,086 Sq.Ft

Property Features

  • Furnished Info No
  • Lot Description Quarter To Half Acre Lot
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Washington Park Third Add
  • Tax Amount $12,073
  • Tax Year 2023

733-795 NW 27th Ave

Fort Lauderdale, FL 33311

Similar Properties For Sale

The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. 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.. tel: (954) 450-2000

Real Estate IDX Powered by: TREMGROUP