FL > Fort Lauderdale > Washington Park Third Add
Fort Lauderdale, FL 33311,733-795 NW 27th Ave
Fort Lauderdale, FL 33311,733-795 NW 27th Ave
Fort Lauderdale, FL 33311,733-795 NW 27th Ave
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Sara Schaeffer

Sara Schaeffer

+1(954) 821-4563
$958,750
Est. payment /mo
2,086 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,086 sqft

Price per Sqft $459

Subdivision Washington Park Third Add

MLS Listing ID F10488702

Style Fourplex

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 14388

Year Built 1948

Annual Tax Amount $12,073

Tax Year 2023

Property Sub-Type Fourplex

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

Heating Other

Cooling Other

Flooring Other Floors

Exterior

Water Access N

Roof Type Flat Tile Roof

Private Pool No

Building

Lot Description 1/4 To Less Than 1/2 Acre Lot

Story 2.0000

Foundation Cbs Construction

Sewer Municipal Sewer

Construction Status Resale

Others

Pets Allowed No

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

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BeachesMLS Matrix (RAPB-F prefix)
Listed by United Realty Group Inc.

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agent

Sara Schaeffer

+1(954) 821-4563

REALTOR® | License ID: SL626129

REALTOR® License ID: SL626129

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