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