Basic Information

  • MLS # F10483601
  • Type Multi Family
  • Status Active
  • Subdivision/Complex Washington Park Third Add
  • Total Sqft 14,388
  • Date Listed 02/21/2025
  • Days on Market 83
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 14,388Sq.Ft
  • Sqft 14,388 Sq.Ft

Property Features

  • Address 733-795 NW 27th Ave
  • Aprox. Lot Size 14,388
  • City Fort Lauderdale
  • County Broward
  • Furnished Info no
  • Lot Features Less Than One Acre, Corner Lot
  • Possession Close Of Escrow, Negotiable
  • Postal City Fort Lauderdale
  • Public Survey Township 5042
  • Sewer Description Public Sewer
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Washington Park Third Add
  • Tax Amount $12,073
  • Tax Legal desc W A S H I N G T O N P A R K T H I R D A D D21-43 B L O T S1-3 L E S S E12 B L K16,
  • Tax Year 2023
  • Type of Property Multi Family
  • Water Source Public

733-795 NW 27th Ave

Fort Lauderdale, FL 33311

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