2399 Sistrunk Blvd Fort Lauderdale, FL 33311
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| County: Broward County |
| Price: $749,985 |
| ID#: 6010468607 |
| Legal: WASHINGTON PARK 19-22 B LOT 17 LESS W1/2 LESS PAR 103 IN CA 70-6028 FOR RD BLK 5 & WASHINGTON PARK 19-22 B LOT 16 LESS RD DESC IN OR 4260/72 |
| Property Tax: $2,062.00 |
| Tax Year: 2023 |
| Status: Active |
| Area: 3560 |
| Zoning Information: GP-1 |
| Neighborhood: Washington Park 19-22 B |
| Improvements: Cleared,Fenced,Other,Sidewalk,Street Lights |
| Folio Number: |
| Subdivision Washington Park 19-22 B |
| Dade Assessed: $55920 |
| Lot SqFt: 9909 |
| Listed Date: 2024-10-28 |
| 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 | ||
