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 property under $40k/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.
Property Details
Price:
$958,750
MLS #:
F10488687
Status:
Active
Baths:
0
Address:
733-795 NW 27th Ave
Type:
Land
Subdivision:
Washington Park Third Add
Neighborhood:
3560
City:
Fort Lauderdale
Listed Date:
Feb 24, 2025
State:
FL
ZIP:
33311
Lot Size:
14,388 sqft / 0.33 acres (approx)
Schools
Interior
Exterior
Front Exposure
East
Financial
Tax Amount
$12,073
Taxes
$12,073
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Listing courtesy of United Realty Group Inc., (954)–450–2000
© 2025 Information deemed reliable but not guaranteed. Information is provided, in part, by Ft. Lauderdale MLS. This information being provided is for consumers personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Information deemed reliable but not guaranteed. Information is provided, in part, by Ft. Lauderdale MLS. This information being provided is for consumers personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
733-795 NW 27th Ave
Fort Lauderdale, FL
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