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 102
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 site: approx $38k/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

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