Active

733-795 NW 27th Ave

Fort Lauderdale FL, 33311

$958,750


$459.61 per sqft

Active

2,086 sqft

Multi-family

Built in 1948

One of the last corner lots on rapidly developing NW 27 Ave, buildable for 24 residential units. 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. Active comps: $60k-$86k/unit for land; recently sold comps: $42k(disqualified)-$82.5k/unit for land. Subject property under $40k/unit: six figures below market. Nearby rents: 1 beds $1.6k-$2.1k. Construction cost: $3.5M+/-; total cost: Under $4.5M; projected value: $7M+: $2.5M+ instant equity. Potential 10%+/- cap rate. Opportunity zone: huge tax benefits. Seller will finance. Eligible for county grant of up to $300k towards construction. DND tenants. Can also be commercial or mixed-use.

F10488702

MLS ID

February 24, 2025

Listed

February 25, 2025

Updated

Interior Features

Total Stories

2


Floor Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Features

1/4 to 1/2 Acre Lot


Architectural Style

Fourplex


Roof

Flat, Tile


Sewer

Public Sewer

Other Property Details

Area Name

3560


Taxes

$12,073


Tax Frequency

Annually


Garage

No


Parking Total

27


View

No


County

Broward


Pool Features

None


Utilities

Cable Available

Listed by: United Realty Group Inc.
Listing Contact:  

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Data last updated 11:41 AM UTC, 2/25/2025

 

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